Baker Ellis Asset Management LLC Buys 4,736 Shares of Limoneira (NASDAQ:LMNR)

Baker Ellis Asset Management LLC grew its stake in shares of Limoneira (NASDAQ:LMNR) by 15.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,486 shares of the company’s stock after acquiring an additional 4,736 shares during the period. Baker Ellis Asset Management LLC owned about 0.20% of Limoneira worth $868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMNR. Global Alpha Capital Management Ltd. boosted its holdings in Limoneira by 3.0% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock worth $87,442,000 after buying an additional 96,054 shares during the period. State Street Corp boosted its holdings in Limoneira by 3.7% in the 3rd quarter. State Street Corp now owns 311,388 shares of the company’s stock worth $8,252,000 after buying an additional 11,003 shares during the period. Riverwater Partners LLC boosted its holdings in Limoneira by 47.3% in the 3rd quarter. Riverwater Partners LLC now owns 200,423 shares of the company’s stock worth $5,245,000 after buying an additional 64,392 shares during the period. Gabelli Funds LLC boosted its holdings in Limoneira by 2.5% in the 2nd 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 period. Finally, Advisors Asset Management Inc. boosted its holdings in Limoneira by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 36,999 shares of the company’s stock worth $980,000 after buying an additional 8,051 shares during the period. 64.35% of the stock is owned by institutional investors.

Limoneira Stock Down 2.0 %

Shares of NASDAQ:LMNR opened at $22.47 on Thursday. The firm has a fifty day moving average price of $25.59 and a two-hundred day moving average price of $24.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69. Limoneira has a one year low of $17.37 and a one year high of $29.22. The company has a market cap of $406.26 million, a price-to-earnings ratio of 59.13 and a beta of 0.52.

Limoneira Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.34%. The ex-dividend date was Monday, December 30th. Limoneira’s payout ratio is 78.95%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th.

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.