10,163 Shares in Limoneira (NASDAQ:LMNR) Acquired by De Lisle Partners LLP

De Lisle Partners LLP acquired a new stake in Limoneira (NASDAQ:LMNR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,163 shares of the company’s stock, valued at approximately $269,000. De Lisle Partners LLP owned approximately 0.06% of Limoneira as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Limoneira by 14.3% in the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock valued at $92,000 after purchasing an additional 436 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Limoneira in the 3rd quarter worth $153,000. Legacy Capital Group California Inc. acquired a new stake in shares of Limoneira in the 3rd quarter worth $206,000. Inspire Investing LLC purchased a new position in shares of Limoneira during the 3rd quarter worth $415,000. Finally, American Century Companies Inc. boosted its position in shares of Limoneira by 32.9% during the 2nd quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after acquiring an additional 5,498 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Stock Performance

NASDAQ:LMNR opened at $27.62 on Friday. The stock has a market capitalization of $498.54 million, a P/E ratio of 95.24 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. Limoneira has a fifty-two week low of $15.15 and a fifty-two week high of $29.22. The company has a 50 day moving average price of $26.96 and a 200 day moving average price of $23.48.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Monday, September 9th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $63.31 million during 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%. Equities research analysts forecast that Limoneira will post 0.4 EPS for the current year.

Limoneira Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.30 dividend on an annualized basis and a yield of 1.09%. Limoneira’s dividend payout ratio (DPR) is presently 103.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Lake Street Capital reiterated a “hold” rating and issued a $25.00 price objective on shares of Limoneira in a report on Tuesday, September 10th. Finally, B. Riley increased their price objective on Limoneira from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Limoneira presently has an average rating of “Moderate Buy” and a consensus target price of $25.33.

About Limoneira

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.