Limoneira (NASDAQ:LMNR) Stock Holdings Raised by Riverwater Partners LLC

Riverwater Partners LLC increased its position in Limoneira (NASDAQ:LMNR) by 47.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200,423 shares of the company’s stock after acquiring an additional 64,392 shares during the period. Limoneira comprises approximately 2.6% of Riverwater Partners LLC’s holdings, making the stock its 2nd largest position. Riverwater Partners LLC owned approximately 1.11% of Limoneira worth $5,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Inspire Investing LLC purchased a new position in Limoneira in the 3rd quarter worth about $415,000. SG Americas Securities LLC bought a new stake in shares of Limoneira in the third quarter worth approximately $153,000. Gabelli Funds LLC raised its holdings in shares of Limoneira by 2.5% during the second quarter. Gabelli Funds LLC now owns 123,300 shares of the company’s stock valued at $2,566,000 after purchasing an additional 3,000 shares during the last quarter. American Century Companies Inc. lifted its position in Limoneira by 32.9% during the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after purchasing an additional 5,498 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Limoneira by 7.4% in the second quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after purchasing an additional 1,565 shares during the last quarter. 64.35% of the stock is owned by institutional investors.

Limoneira Price Performance

NASDAQ LMNR opened at $26.71 on Thursday. The business’s fifty day moving average is $25.55 and its 200 day moving average is $22.28. Limoneira has a fifty-two week low of $13.99 and a fifty-two week high of $28.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $481.07 million, a PE ratio of -205.46, a price-to-earnings-growth ratio of 6.57 and a beta of 0.48.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, September 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $63.31 million for the quarter, compared to analysts’ expectations of $63.85 million. Limoneira had a return on equity of 3.97% and a net margin of 3.24%. Sell-side analysts predict that Limoneira will post 0.28 earnings per share for the current year.

Limoneira Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were given a dividend of $0.075 per share. The ex-dividend date was Monday, October 7th. This represents a $0.30 annualized dividend and a dividend yield of 1.12%. Limoneira’s payout ratio is -230.77%.

Wall Street Analyst Weigh In

LMNR has been the subject of a number of research reports. B. Riley boosted their target price on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Lake Street Capital reissued a “hold” rating and issued a $25.00 target price on shares of Limoneira in a report on Tuesday, September 10th. Finally, StockNews.com upgraded Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.33.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.