Limoneira (NASDAQ:LMNR) Holdings Lifted by Riverwater Partners LLC

Riverwater Partners LLC raised its position in shares of Limoneira (NASDAQ:LMNR - Free Report) by 47.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,423 shares of the company's stock after purchasing an additional 64,392 shares during the period. Limoneira accounts for approximately 2.6% of Riverwater Partners LLC's portfolio, making the stock its 2nd largest holding. Riverwater Partners LLC owned 1.11% of Limoneira worth $5,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd raised its position in shares of Limoneira by 48.9% in the first quarter. Covestor Ltd now owns 5,764 shares of the company's stock valued at $113,000 after purchasing an additional 1,893 shares during the period. SG Americas Securities LLC bought a new stake in Limoneira during the 3rd quarter valued at $153,000. BNP Paribas Financial Markets lifted its position in shares of Limoneira by 60.8% during the first quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company's stock worth $165,000 after acquiring an additional 3,199 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Limoneira in the third quarter worth $415,000. Finally, American Century Companies Inc. boosted its holdings in shares of Limoneira by 32.9% in the second quarter. American Century Companies Inc. now owns 22,198 shares of the company's stock worth $462,000 after acquiring an additional 5,498 shares during the period. 64.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. B. Riley increased their price objective on Limoneira from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Lake Street Capital reissued a "hold" rating and issued a $25.00 price target on shares of Limoneira in a report on Tuesday, September 10th. Finally, StockNews.com upgraded shares of Limoneira from a "sell" rating to a "hold" rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $25.33.

Limoneira Price Performance

Limoneira stock traded down $0.18 during midday trading on Thursday, hitting $26.53. 24,998 shares of the company's stock were exchanged, compared to its average volume of 45,569. The stock has a 50-day moving average price of $25.66 and a two-hundred day moving average price of $22.30. Limoneira has a 52-week low of $13.99 and a 52-week high of $28.27. The company has a market cap of $477.83 million, a P/E ratio of -204.08, a PEG ratio of 6.57 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93.

Limoneira (NASDAQ:LMNR - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Limoneira had a net margin of 3.24% and a return on equity of 3.97%. The company had revenue of $63.31 million for the quarter, compared to analysts' expectations of $63.85 million. On average, equities research analysts forecast that Limoneira will post 0.28 earnings per share for the current year.

Limoneira Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were issued a dividend of $0.075 per share. 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 -230.77%.

About Limoneira

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.