Limoneira (NASDAQ:LMNR) Holdings Boosted by Barclays PLC

Barclays PLC raised its position in shares of Limoneira (NASDAQ:LMNR) by 269.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,708 shares of the company’s stock after purchasing an additional 15,836 shares during the quarter. Barclays PLC’s holdings in Limoneira were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in 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 buying an additional 436 shares during the period. SG Americas Securities LLC purchased a new position in Limoneira during the 3rd quarter valued at about $153,000. Legacy Capital Group California Inc. acquired a new position in shares of Limoneira in the 3rd quarter valued at about $206,000. PEAK6 Investments LLC purchased a new stake in shares of Limoneira in the third quarter worth approximately $255,000. Finally, De Lisle Partners LLP acquired a new stake in shares of Limoneira during the third quarter worth approximately $269,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. B. Riley upped their price objective on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Lake Street Capital reiterated a “hold” rating and set a $25.00 price objective on shares of Limoneira in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.33.

Limoneira Price Performance

Shares of LMNR opened at $24.46 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a market cap of $442.31 million, a PE ratio of 84.34 and a beta of 0.49. The firm’s 50 day moving average price is $26.58 and its 200 day moving average price is $24.50. Limoneira has a twelve month low of $17.37 and a twelve month high of $29.22.

Limoneira Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.23%. Limoneira’s dividend payout ratio is currently 78.95%.

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.