Limoneira (NASDAQ:LMNR) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of Limoneira (NASDAQ:LMNR) from a hold rating to a sell rating in a report released on Tuesday.

Limoneira Trading Down 0.8 %

Shares of NASDAQ LMNR opened at $22.31 on Tuesday. Limoneira has a 12-month low of $17.37 and a 12-month high of $29.22. The company has a market cap of $403.36 million, a price-to-earnings ratio of 58.71 and a beta of 0.52. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $24.86 and its 200 day simple moving average is $24.99.

Limoneira Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.34%. Limoneira’s dividend payout ratio is presently 78.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Global Alpha Capital Management Ltd. boosted its holdings in shares of Limoneira by 3.0% in the third quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock valued at $87,442,000 after acquiring an additional 96,054 shares in the last quarter. State Street Corp boosted its stake in Limoneira by 3.7% during the 3rd quarter. State Street Corp now owns 311,388 shares of the company’s stock valued at $8,252,000 after purchasing an additional 11,003 shares in the last quarter. Riverwater Partners LLC increased its position in shares of Limoneira by 47.3% during the 3rd quarter. Riverwater Partners LLC now owns 200,423 shares of the company’s stock valued at $5,245,000 after purchasing an additional 64,392 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Limoneira by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 120,532 shares of the company’s stock worth $2,948,000 after buying an additional 3,932 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Limoneira by 144.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock valued at $2,489,000 after buying an additional 60,010 shares during the period. Institutional investors own 64.35% of the company’s stock.

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.