Limoneira (NASDAQ:LMNR) Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. reduced its position in Limoneira (NASDAQ:LMNR - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,264,181 shares of the company's stock after selling 35,522 shares during the quarter. Limoneira comprises approximately 5.8% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 2nd biggest holding. Global Alpha Capital Management Ltd. owned about 18.05% of Limoneira worth $79,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in Limoneira by 77.5% in the fourth quarter. Van ECK Associates Corp now owns 2,581 shares of the company's stock worth $63,000 after purchasing an additional 1,127 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 during the last quarter. SG Americas Securities LLC grew its holdings in Limoneira by 20.1% in the fourth quarter. SG Americas Securities LLC now owns 6,924 shares of the company's stock worth $169,000 after purchasing an additional 1,160 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Limoneira by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company's stock worth $241,000 after purchasing an additional 1,981 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Limoneira in the third quarter worth $255,000. 64.35% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

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

Limoneira Stock Performance

Shares of NASDAQ:LMNR traded up $0.18 on Friday, hitting $21.89. 23,514 shares of the company were exchanged, compared to its average volume of 50,405. Limoneira has a 1-year low of $18.30 and a 1-year high of $29.22. The stock's 50 day moving average price is $23.03 and its 200 day moving average price is $25.20. 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 firm has a market capitalization of $395.01 million, a P/E ratio of 57.61 and a beta of 0.46.

Limoneira Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.075 per share. The ex-dividend date was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.37%. Limoneira's payout ratio is currently 78.95%.

Limoneira 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.