Limoneira (NASDAQ:LMNR) Stock: Insider Gregory Hamm Sells 1,000 Shares

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $10.71, for a total transaction of $10,710.00. Following the completion of the transaction, the chief financial officer owned 83,812 shares of the company’s stock, valued at approximately $897,626.52. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Price Performance

LMNR opened at $10.52 on Thursday. The firm has a market capitalization of $190.75 million, a P/E ratio of -4.40 and a beta of 0.36. The stock has a fifty day moving average of $12.33 and a 200-day moving average of $13.16. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 0.67. Limoneira Co has a 12-month low of $10.05 and a 12-month high of $15.43.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.17). Limoneira had a negative net margin of 33.03% and a negative return on equity of 13.91%. The business had revenue of $43.81 million for the quarter, compared to analyst estimates of $49.62 million. Equities analysts forecast that Limoneira Co will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Limoneira

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Limoneira during the 3rd quarter worth about $289,000. Telos Capital Management Inc. acquired a new stake in Limoneira during the third quarter valued at approximately $240,000. Wedbush Securities Inc. bought a new stake in shares of Limoneira in the 2nd quarter valued at approximately $297,000. Parvin Asset Management LLC bought a new stake in Limoneira in the second quarter valued at $181,000. Finally, Bank of America Corp DE bought a new stake in Limoneira in the second quarter valued at $166,000. Institutional investors own 64.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMNR. Wall Street Zen raised shares of Limoneira from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings raised Limoneira from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 9th. Zacks Research cut shares of Limoneira from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Finally, Lake Street Capital cut their price target on shares of Limoneira from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating and two have issued 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 price target of $16.50.

Limoneira Company Profile

Limoneira Company is an agribusiness and real estate development company headquartered in Santa Paula, California. Founded in 1893, the company is one of the oldest and largest lemon producers in the United States and owns or manages agricultural land primarily in California and Arizona.

Limoneira grows, packs, markets and distributes lemons, avocados, oranges and other specialty citrus products. Its operations include orchard management, harvesting, packing and fresh-produce marketing, with products sold through retailers, foodservice providers and other commercial customers in the United States and international markets.

In addition to its agricultural activities, Limoneira owns land and pursues real estate development projects connected to its properties.