SFE Investment Counsel Invests $788,000 in Limoneira Co $LMNR

SFE Investment Counsel bought a new stake in shares of Limoneira Co (NASDAQ:LMNR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 60,010 shares of the company’s stock, valued at approximately $788,000. SFE Investment Counsel owned approximately 0.33% of Limoneira as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Wilshire Securities Management Inc. lifted its stake in Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock worth $7,758,000 after purchasing an additional 317,872 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Limoneira by 5.6% in the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock worth $6,226,000 after purchasing an additional 20,913 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Limoneira by 7.7% in the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock worth $3,935,000 after purchasing an additional 21,000 shares during the last quarter. Riverwater Partners LLC lifted its position in shares of Limoneira by 7.1% in the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock worth $3,301,000 after buying an additional 17,422 shares in the last quarter. Finally, Peapod Lane Capital LLC lifted its position in shares of Limoneira by 44.5% in the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after buying an additional 64,178 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors.

Limoneira Price Performance

Shares of Limoneira stock opened at $13.85 on Friday. The stock has a market cap of $251.10 million, a price-to-earnings ratio of -6.07 and a beta of 0.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 1.68. The stock has a 50 day moving average price of $13.30 and a 200-day moving average price of $13.38. Limoneira Co has a one year low of $11.66 and a one year high of $16.62.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.08). The company had revenue of $23.93 million for the quarter, compared to analysts’ expectations of $21.42 million. Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. Equities analysts expect that Limoneira Co will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. HC Wainwright cut Limoneira to a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. Finally, Lake Street Capital reduced their price target on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.00.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.