10,163 Shares in Limoneira (NASDAQ:LMNR) Acquired by De Lisle Partners LLP

De Lisle Partners LLP purchased a new position in Limoneira (NASDAQ:LMNR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,163 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMNR. Global Alpha Capital Management Ltd. lifted its position in shares of Limoneira by 3.0% during the 3rd 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 during the last quarter. Riverwater Partners LLC raised its stake in Limoneira by 47.3% in the third quarter. Riverwater Partners LLC now owns 200,423 shares of the company’s stock valued at $5,245,000 after buying an additional 64,392 shares in the last quarter. Inspire Investing LLC purchased a new stake in Limoneira during the 3rd quarter worth about $415,000. Vanguard Group Inc. boosted its position in shares of Limoneira by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 927,965 shares of the company’s stock worth $18,151,000 after acquiring an additional 14,572 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Limoneira by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 36,999 shares of the company’s stock valued at $980,000 after acquiring an additional 8,051 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Price Performance

LMNR stock opened at $27.62 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $498.54 million, a P/E ratio of 95.24 and a beta of 0.48. The business has a 50 day simple moving average of $26.96 and a 200-day simple moving average of $23.48. Limoneira has a twelve month low of $15.15 and a twelve month high of $29.22.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Monday, September 9th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $63.31 million during the quarter, compared to analysts’ expectations of $63.85 million. Limoneira had a net margin of 3.24% and a return on equity of 3.97%. As a group, equities analysts anticipate that Limoneira will post 0.4 EPS for the current year.

Limoneira Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, October 7th. Limoneira’s dividend payout ratio (DPR) is presently 103.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LMNR shares. B. Riley boosted their target price on Limoneira from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Lake Street Capital restated a “hold” rating and issued a $25.00 target price on shares of Limoneira in a report on Tuesday, September 10th. Finally, StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.33.

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.