Gamco Investors INC. ET AL Grows Stock Holdings in Limoneira (NASDAQ:LMNR)

Gamco Investors INC. ET AL raised its position in Limoneira (NASDAQ:LMNR) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,403 shares of the company’s stock after acquiring an additional 7,103 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Limoneira were worth $4,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bfsg LLC purchased a new position in shares of Limoneira during the fourth quarter valued at about $36,000. Covestor Ltd increased its position in shares of Limoneira by 48.9% during the first quarter. Covestor Ltd now owns 5,764 shares of the company’s stock valued at $113,000 after buying an additional 1,893 shares during the period. BNP Paribas Financial Markets increased its position in shares of Limoneira by 60.8% during the first quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock valued at $165,000 after buying an additional 3,199 shares during the period. SG Americas Securities LLC increased its position in shares of Limoneira by 26.5% during the fourth quarter. SG Americas Securities LLC now owns 9,621 shares of the company’s stock valued at $198,000 after buying an additional 2,013 shares during the period. Finally, Bulldog Investors LLP purchased a new position in shares of Limoneira during the fourth quarter valued at about $413,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Analysts Set New Price Targets

LMNR has been the topic of several research analyst reports. StockNews.com cut shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Lake Street Capital upped their price objective on shares of Limoneira from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, June 7th.

Limoneira Stock Up 0.0 %

LMNR traded up $0.01 during midday trading on Friday, reaching $22.11. The company’s stock had a trading volume of 74,095 shares, compared to its average volume of 48,237. The firm has a market capitalization of $398.22 million, a price-to-earnings ratio of -170.08, a PEG ratio of 6.70 and a beta of 0.48. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. Limoneira has a 1 year low of $13.88 and a 1 year high of $23.19. The stock’s 50-day moving average is $20.57 and its 200-day moving average is $19.63.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Thursday, June 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.20. The business had revenue of $44.61 million for the quarter, compared to analysts’ expectations of $54.62 million. Limoneira had a negative net margin of 0.92% and a positive return on equity of 0.67%. As a group, research analysts expect that Limoneira will post 0.22 EPS for the current year.

Limoneira Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, July 8th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, July 8th. Limoneira’s dividend payout ratio (DPR) is presently -230.77%.

Limoneira 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.