Limoneira (NASDAQ:LMNR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a research note released on Friday.

LMNR has been the subject of a number of other reports. TheStreet lowered shares of Limoneira from a b- rating to a c+ rating in a research note on Tuesday, January 30th. Roth Mkm lifted their price target on shares of Limoneira from $17.00 to $23.00 and gave the stock a buy rating in a research note on Tuesday, January 2nd.

Limoneira Trading Up 0.6 %

Shares of NASDAQ LMNR opened at $19.71 on Friday. Limoneira has a 1 year low of $13.88 and a 1 year high of $21.62. The stock has a market cap of $354.78 million, a P/E ratio of -33.98, a price-to-earnings-growth ratio of 10.05 and a beta of 0.55. The firm has a 50-day moving average of $18.85 and a 200 day moving average of $17.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.84.

Limoneira (NASDAQ:LMNR) last issued its earnings results on Thursday, March 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.05. The business had revenue of $39.73 million during the quarter, compared to analysts’ expectations of $39.07 million. Limoneira had a negative net margin of 5.40% and a negative return on equity of 1.16%. During the same period in the previous year, the company earned ($0.53) earnings per share. As a group, sell-side analysts expect that Limoneira will post 0.13 EPS for the current fiscal year.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.30 annualized dividend and a yield of 1.52%. Limoneira’s dividend payout ratio (DPR) is -51.72%.

Hedge Funds Weigh In On Limoneira

A number of hedge funds have recently modified their holdings of the company. Global Alpha Capital Management Ltd. boosted its position in shares of Limoneira by 2.3% in the third quarter. Global Alpha Capital Management Ltd. now owns 2,980,140 shares of the company’s stock worth $45,656,000 after purchasing an additional 66,000 shares during the period. First Wilshire Securities Management Inc. boosted its position in shares of Limoneira by 15.9% in the third quarter. First Wilshire Securities Management Inc. now owns 725,884 shares of the company’s stock worth $11,121,000 after purchasing an additional 99,641 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Limoneira by 24.5% in the third quarter. Gamco Investors INC. ET AL now owns 152,300 shares of the company’s stock worth $2,333,000 after purchasing an additional 30,000 shares during the period. White Pine Capital LLC boosted its position in shares of Limoneira by 13.9% in the fourth quarter. White Pine Capital LLC now owns 112,661 shares of the company’s stock worth $2,324,000 after purchasing an additional 13,743 shares during the period. Finally, Riverwater Partners LLC boosted its position in shares of Limoneira by 1.3% in the fourth quarter. Riverwater Partners LLC now owns 110,759 shares of the company’s stock worth $2,285,000 after purchasing an additional 1,423 shares during the period. 64.35% of the stock is currently owned by institutional investors.

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.