Limoneira (NASDAQ:LMNR) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a research report report published on Monday morning.

Limoneira Price Performance

NASDAQ:LMNR opened at $22.61 on Monday. Limoneira has a one year low of $17.37 and a one year high of $29.22. The stock has a market cap of $408.79 million, a PE ratio of 59.50 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74. The stock has a 50 day moving average price of $25.39 and a 200 day moving average price of $24.96.

Limoneira Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given 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 1.33%. Limoneira’s payout ratio is 78.95%.

Hedge Funds Weigh In On Limoneira

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Limoneira by 14.3% in the 3rd 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 acquired a new stake in shares of Limoneira during the third quarter valued at about $153,000. Legacy Capital Group California Inc. purchased a new stake in shares of Limoneira in the 3rd quarter valued at approximately $206,000. JPMorgan Chase & Co. lifted its holdings in shares of Limoneira by 27.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock worth $241,000 after acquiring an additional 1,981 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new position in shares of Limoneira during the 3rd quarter worth approximately $255,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

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.