Gabelli Funds LLC Buys 4,700 Shares of Limoneira (NASDAQ:LMNR)

Gabelli Funds LLC increased its holdings in Limoneira (NASDAQ:LMNRFree Report) by 7.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 72,200 shares of the company’s stock after acquiring an additional 4,700 shares during the quarter. Gabelli Funds LLC’s holdings in Limoneira were worth $1,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Global Alpha Capital Management Ltd. raised its position in shares of Limoneira by 1.4% in the second quarter. Global Alpha Capital Management Ltd. now owns 2,914,140 shares of the company’s stock worth $45,344,000 after buying an additional 40,100 shares in the last quarter. BlackRock Inc. raised its position in shares of Limoneira by 286.5% in the second quarter. BlackRock Inc. now owns 1,048,456 shares of the company’s stock worth $16,314,000 after buying an additional 777,178 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Limoneira by 0.3% in the first quarter. Vanguard Group Inc. now owns 739,656 shares of the company’s stock worth $10,858,000 after buying an additional 2,262 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Limoneira by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 638,302 shares of the company’s stock valued at $10,634,000 after purchasing an additional 19,885 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Limoneira by 123.2% during the second quarter. Geode Capital Management LLC now owns 321,863 shares of the company’s stock valued at $5,008,000 after purchasing an additional 177,676 shares in the last quarter. Hedge funds and other institutional investors own 56.36% of the company’s stock.

Limoneira Stock Up 1.1 %

Shares of NASDAQ:LMNR opened at $17.97 on Friday. The stock’s 50-day moving average price is $18.99 and its 200-day moving average price is $16.40. Limoneira has a 12-month low of $13.88 and a 12-month high of $21.62. The stock has a market capitalization of $323.28 million, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 6.31 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Limoneira (NASDAQ:LMNRGet Free Report) last announced its quarterly earnings data on Thursday, December 21st. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). The firm had revenue of $41.43 million for the quarter, compared to analysts’ expectations of $36.66 million. Limoneira had a negative return on equity of 3.84% and a net margin of 5.23%. During the same period last year, the firm earned ($0.32) earnings per share. On average, equities analysts anticipate that Limoneira will post 0.19 earnings per share for the current year.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.30 annualized dividend and a dividend yield of 1.67%. Limoneira’s payout ratio is presently 63.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LMNR shares. Roth Mkm raised their price objective on Limoneira from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. TheStreet cut Limoneira from a “b-” rating to a “c+” rating in a research note on Tuesday, January 30th.

Get Our Latest Report on LMNR

About Limoneira

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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