Gregory Hamm Sells 1,000 Shares of Limoneira (NASDAQ:LMNR) Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of Limoneira stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $12.77, for a total value of $12,770.00. Following the completion of the transaction, the chief financial officer owned 77,668 shares of the company’s stock, valued at approximately $991,820.36. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Price Performance

Shares of LMNR opened at $12.90 on Thursday. The firm has a market cap of $233.62 million, a price-to-earnings ratio of -10.08 and a beta of 0.30. The stock has a 50 day moving average of $13.00 and a 200-day moving average of $13.56. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Limoneira Co has a 52 week low of $12.20 and a 52 week high of $17.19.

Limoneira (NASDAQ:LMNR) last issued its earnings results on Thursday, March 12th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. The company had revenue of $18.21 million during the quarter, compared to analyst estimates of $16.22 million. As a group, analysts forecast that Limoneira Co will post -0.47 EPS for the current year.

Analyst Ratings Changes

LMNR has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Limoneira has an average rating of “Hold” and an average price target of $18.50.

Hedge Funds Weigh In On Limoneira

Several hedge funds and other institutional investors have recently made changes to their positions in LMNR. BNP Paribas Financial Markets boosted its position in shares of Limoneira by 64.8% during the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after buying an additional 668 shares during the period. Leonteq Securities AG boosted its position in shares of Limoneira by 88.8% during the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock worth $45,000 after buying an additional 1,593 shares during the period. MetLife Investment Management LLC boosted its position in shares of Limoneira by 45.0% during the fourth quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock worth $123,000 after buying an additional 3,029 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Limoneira during the fourth quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Limoneira during the third quarter worth approximately $151,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

About Limoneira

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.