Global Alpha Capital Management Ltd. Sells 258,568 Shares of Limoneira Co $LMNR

Global Alpha Capital Management Ltd. decreased its position in Limoneira Co (NASDAQ:LMNR) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,926,713 shares of the company’s stock after selling 258,568 shares during the period. Limoneira makes up approximately 2.3% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 18th biggest position. Global Alpha Capital Management Ltd. owned 16.15% of Limoneira worth $36,950,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LMNR. Teton Advisors LLC purchased a new position in Limoneira in the 3rd quarter worth about $1,745,000. Peapod Lane Capital LLC raised its position in Limoneira by 44.5% in the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after buying an additional 64,178 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Limoneira by 515.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after buying an additional 62,080 shares during the last quarter. JPMorgan Chase & Co. raised its position in Limoneira by 248.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock worth $692,000 after buying an additional 31,552 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Limoneira by 14.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 253,200 shares of the company’s stock worth $3,760,000 after buying an additional 31,200 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Limoneira Stock Down 0.3%

Shares of LMNR stock opened at $11.83 on Friday. The company has a market capitalization of $214.24 million, a price-to-earnings ratio of -9.24 and a beta of 0.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08. The company’s fifty day moving average price is $12.93 and its 200-day moving average price is $13.53. Limoneira Co has a one year low of $11.69 and a one year high of $17.19.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.09). Limoneira had a negative return on equity of 12.19% and a negative net margin of 15.55%.The business had revenue of $18.21 million during the quarter, compared to the consensus estimate of $16.22 million. Sell-side analysts expect that Limoneira Co will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMNR. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Limoneira presently has a consensus rating of “Hold” and an average target price of $18.50.

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.