Global Alpha Capital Management Ltd. Has $87.44 Million Holdings in Limoneira (NASDAQ:LMNR)

Global Alpha Capital Management Ltd. grew its position in Limoneira (NASDAQ:LMNR - Free Report) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,299,703 shares of the company's stock after acquiring an additional 96,054 shares during the quarter. Limoneira accounts for about 5.7% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 2nd largest position. Global Alpha Capital Management Ltd. owned 18.28% of Limoneira worth $87,442,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gabelli Funds LLC raised its holdings in shares of Limoneira by 24.0% in the 1st quarter. Gabelli Funds LLC now owns 120,300 shares of the company's stock worth $2,353,000 after buying an additional 23,300 shares in the last quarter. Vanguard Group Inc. increased its holdings in Limoneira by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 927,965 shares of the company's stock valued at $18,151,000 after purchasing an additional 14,572 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Limoneira by 60.8% during the 1st quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company's stock valued at $165,000 after purchasing an additional 3,199 shares in the last quarter. Riverwater Partners LLC increased its stake in shares of Limoneira by 47.3% in the 3rd quarter. Riverwater Partners LLC now owns 200,423 shares of the company's stock valued at $5,245,000 after buying an additional 64,392 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Limoneira by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company's stock valued at $2,700,000 after buying an additional 1,934 shares during the period. Institutional investors own 64.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. B. Riley lifted their target price on Limoneira from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. StockNews.com upgraded Limoneira from a "sell" rating to a "hold" rating in a research report on Wednesday, September 11th. Finally, Lake Street Capital restated a "hold" rating and issued a $25.00 price target on shares of Limoneira in a research report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.33.

Limoneira Stock Down 0.6 %

Shares of LMNR traded down $0.16 during midday trading on Wednesday, hitting $26.54. The stock had a trading volume of 37,194 shares, compared to its average volume of 45,257. The company has a 50 day simple moving average of $26.78 and a two-hundred day simple moving average of $23.23. Limoneira has a twelve month low of $14.73 and a twelve month high of $29.22. The firm has a market cap of $479.05 million, a price-to-earnings ratio of 92.07 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.93 and a quick ratio of 0.84.

Limoneira (NASDAQ:LMNR - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Limoneira had a return on equity of 3.97% and a net margin of 3.24%. The firm had revenue of $63.31 million for the quarter, compared to the consensus estimate of $63.85 million. On average, analysts anticipate that Limoneira will post 0.4 EPS for the current year.

Limoneira Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, October 7th. Limoneira's dividend payout ratio is currently 103.45%.

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.