PEAK6 Investments LLC Takes Position in Limoneira (NASDAQ:LMNR)

PEAK6 Investments LLC purchased a new stake in Limoneira (NASDAQ:LMNR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,616 shares of the company’s stock, valued at approximately $255,000. PEAK6 Investments LLC owned 0.05% of Limoneira as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LMNR. BNP Paribas Financial Markets increased its holdings in Limoneira by 14.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after purchasing an additional 436 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Limoneira by 7.4% during the second quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after buying an additional 1,565 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Limoneira by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock worth $2,700,000 after buying an additional 1,934 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Limoneira by 2.5% during the second quarter. Gabelli Funds LLC now owns 123,300 shares of the company’s stock worth $2,566,000 after buying an additional 3,000 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Limoneira by 32.9% during the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock worth $462,000 after buying an additional 5,498 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LMNR shares. Lake Street Capital reaffirmed a “hold” rating and set a $25.00 target price on shares of Limoneira in a research note on Tuesday, September 10th. B. Riley boosted their target price on shares of Limoneira from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Limoneira currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.33.

Limoneira Price Performance

Shares of NASDAQ:LMNR opened at $27.16 on Thursday. The firm has a market cap of $490.29 million, a PE ratio of 94.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. Limoneira has a 52 week low of $17.37 and a 52 week high of $29.22. The firm’s fifty day moving average is $26.98 and its 200-day moving average is $23.67.

Limoneira (NASDAQ:LMNR) last released its earnings results on Monday, September 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $63.31 million for the quarter, compared to analyst estimates of $63.85 million. Limoneira had a net margin of 3.24% and a return on equity of 3.97%. Sell-side analysts predict that Limoneira will post 0.4 earnings per share for the current year.

Limoneira Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were issued a $0.075 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.30 annualized dividend and a yield of 1.10%. Limoneira’s payout ratio is 103.45%.

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.