StockNews.com lowered shares of Limoneira (NASDAQ:LMNR - Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
Limoneira Trading Up 0.1 %
Shares of LMNR traded up $0.02 during trading hours on Tuesday, hitting $22.33. 2,706 shares of the stock were exchanged, compared to its average volume of 60,006. The business has a 50-day moving average of $24.86 and a 200-day moving average of $24.99. Limoneira has a fifty-two week low of $17.37 and a fifty-two week high of $29.22. The firm has a market capitalization of $403.73 million, a P/E ratio of 58.76 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69.
Limoneira Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Monday, December 30th. Limoneira's dividend payout ratio is presently 78.95%.
Hedge Funds Weigh In On Limoneira
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Limoneira by 77.5% in the 4th quarter. Van ECK Associates Corp now owns 2,581 shares of the company's stock valued at $63,000 after buying an additional 1,127 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Limoneira by 14.3% during the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company's stock valued at $92,000 after acquiring an additional 436 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Limoneira during the third quarter worth approximately $153,000. Legacy Capital Group California Inc. bought a new position in shares of Limoneira in the 3rd quarter worth $206,000. Finally, JPMorgan Chase & Co. grew its position in Limoneira by 27.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company's stock valued at $241,000 after purchasing an additional 1,981 shares during the period. Institutional investors own 64.35% of the company's stock.
About Limoneira
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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.
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