Parallel Advisors LLC grew its holdings in shares of Limoneira (NASDAQ:LMNR) by 21,245.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,035 shares of the company’s stock after buying an additional 63,735 shares during the period. Parallel Advisors LLC owned 0.36% of Limoneira worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Wilshire Securities Management Inc. raised its holdings in shares of Limoneira by 2.3% during the first quarter. First Wilshire Securities Management Inc. now owns 141,387 shares of the company’s stock valued at $3,355,000 after buying an additional 3,126 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Limoneira by 62.0% during the first quarter. Royal Bank of Canada now owns 13,333 shares of the company’s stock valued at $316,000 after buying an additional 5,103 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Limoneira by 39.5% during the fourth quarter. Wells Fargo & Company MN now owns 18,100 shares of the company’s stock worth $405,000 after purchasing an additional 5,121 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Limoneira during the fourth quarter worth approximately $139,000. Finally, Essex Investment Management Co. LLC bought a new stake in Limoneira during the second quarter worth approximately $244,000. 26.27% of the stock is currently owned by institutional investors.
NASDAQ:LMNR traded up $1.02 during midday trading on Monday, hitting $25.77. 153,601 shares of the stock were exchanged, compared to its average volume of 52,867. Limoneira has a one year low of $19.62 and a one year high of $26.80. The stock has a market cap of $437.32 million, a price-to-earnings ratio of 61.43, a PEG ratio of 2.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.98 and a quick ratio of 0.90.
Limoneira (NASDAQ:LMNR) last announced its earnings results on Monday, June 11th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Limoneira had a return on equity of 7.15% and a net margin of 15.53%. The firm had revenue of $43.14 million for the quarter, compared to analysts’ expectations of $41.70 million. sell-side analysts expect that Limoneira will post 0.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 18th. Shareholders of record on Monday, July 9th were given a $0.0625 dividend. The ex-dividend date of this dividend was Friday, July 6th. This represents a $0.25 annualized dividend and a yield of 0.97%. Limoneira’s dividend payout ratio (DPR) is 59.52%.
LMNR has been the topic of several recent analyst reports. ValuEngine cut Limoneira from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Lake Street Capital boosted their target price on Limoneira to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Zacks Investment Research cut Limoneira from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Buckingham Research boosted their target price on Limoneira from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Finally, TheStreet raised Limoneira from a “c+” rating to a “b” rating in a report on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.00.
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.
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