Robertson Stephens Wealth Management LLC Acquires 60,010 Shares of Limoneira (NASDAQ:LMNR)

Robertson Stephens Wealth Management LLC raised its stake in Limoneira (NASDAQ:LMNR - Free Report) by 144.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,460 shares of the company's stock after acquiring an additional 60,010 shares during the period. Robertson Stephens Wealth Management LLC owned about 0.56% of Limoneira worth $2,489,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Limoneira by 14.3% in the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company's stock worth $92,000 after purchasing an additional 436 shares in the last quarter. Inspire Investing LLC boosted its stake in Limoneira by 3.9% in the fourth quarter. Inspire Investing LLC now owns 16,279 shares of the company's stock worth $398,000 after purchasing an additional 617 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Limoneira by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 6,924 shares of the company's stock valued at $169,000 after acquiring an additional 1,160 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Limoneira by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company's stock valued at $241,000 after acquiring an additional 1,981 shares during the period. Finally, Baker Ellis Asset Management LLC lifted its stake in shares of Limoneira by 15.4% during the fourth quarter. Baker Ellis Asset Management LLC now owns 35,486 shares of the company's stock valued at $868,000 after acquiring an additional 4,736 shares during the period. 64.35% of the stock is currently owned by institutional investors.

Limoneira Trading Up 0.7 %

Shares of LMNR traded up $0.17 during trading hours on Monday, hitting $22.83. 8,855 shares of the stock traded hands, compared to its average volume of 58,705. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. Limoneira has a 1-year low of $17.37 and a 1-year high of $29.22. The firm has a market capitalization of $412.74 million, a PE ratio of 60.05 and a beta of 0.52. The business has a fifty day moving average of $24.57 and a 200-day moving average of $25.00.

Limoneira Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Monday, December 30th. Limoneira's payout ratio is 78.95%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Limoneira from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th.

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.