Limoneira (NASDAQ:LMNR) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Limoneira (NASDAQ:LMNR) from a hold rating to a sell rating in a research report released on Tuesday morning.

Limoneira Stock Performance

Limoneira stock opened at $22.31 on Tuesday. Limoneira has a fifty-two week low of $17.37 and a fifty-two week high of $29.22. The firm’s 50 day simple moving average is $24.86 and its 200-day simple moving average is $24.99. 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 cap of $403.36 million, a P/E ratio of 58.71 and a beta of 0.52.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.34%. Limoneira’s dividend payout ratio (DPR) is presently 78.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Limoneira by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 120,532 shares of the company’s stock valued at $2,948,000 after purchasing an additional 3,932 shares during the period. Van ECK Associates Corp increased its stake in Limoneira by 77.5% in the 4th quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock valued at $63,000 after buying an additional 1,127 shares during the period. Robertson Stephens Wealth Management LLC lifted its position in Limoneira by 144.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock worth $2,489,000 after buying an additional 60,010 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Limoneira by 3.9% during the 4th quarter. Inspire Investing LLC now owns 16,279 shares of the company’s stock valued at $398,000 after buying an additional 617 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Limoneira by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 6,924 shares of the company’s stock valued at $169,000 after acquiring an additional 1,160 shares in the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

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.