Sowell Financial Services LLC Acquires Shares of 39,160 Limoneira (NASDAQ:LMNR)

Sowell Financial Services LLC bought a new stake in shares of Limoneira (NASDAQ:LMNR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,160 shares of the company's stock, valued at approximately $958,000. Sowell Financial Services LLC owned 0.22% of Limoneira as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position 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 worth $92,000 after buying an additional 436 shares during the period. Barclays PLC raised its stake in Limoneira by 269.7% during the 3rd quarter. Barclays PLC now owns 21,708 shares of the company's stock valued at $575,000 after acquiring an additional 15,836 shares in the last quarter. State Street Corp boosted its position in Limoneira by 3.7% during the 3rd quarter. State Street Corp now owns 311,388 shares of the company's stock worth $8,252,000 after acquiring an additional 11,003 shares during the period. Global Alpha Capital Management Ltd. grew its stake in shares of Limoneira by 3.0% in the third quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company's stock worth $87,442,000 after purchasing an additional 96,054 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 1,981 shares during the period. Institutional investors own 64.35% of the company's stock.

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Limoneira Price Performance

Shares of LMNR traded down $2.85 during midday trading on Thursday, reaching $18.51. The stock had a trading volume of 205,815 shares, compared to its average volume of 53,781. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69. The company has a market capitalization of $334.01 million, a P/E ratio of 48.71 and a beta of 0.46. The firm's 50 day moving average price is $22.84 and its 200-day moving average price is $25.16. Limoneira has a 52 week low of $18.34 and a 52 week high of $29.22.

Limoneira Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, December 30th. Limoneira's dividend payout ratio (DPR) is presently 73.17%.

Analysts Set New Price Targets

Several research firms recently weighed in on LMNR. StockNews.com raised shares of Limoneira from a "sell" rating to a "hold" rating in a report on Thursday. Lake Street Capital dropped their price target on shares of Limoneira from $25.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday.

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.