Limoneira (NASDAQ:LMNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a report issued on Monday.

Limoneira Price Performance

Shares of LMNR opened at $23.07 on Monday. 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 $25.25 and its two-hundred day simple moving average is $24.96. The stock has a market cap of $417.17 million, a PE ratio of 60.71 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74.

Limoneira Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Monday, December 30th. Limoneira’s payout ratio is 78.95%.

Hedge Funds Weigh In On Limoneira

Several institutional investors and hedge funds have recently modified their holdings of the stock. Global Alpha Capital Management Ltd. lifted its stake in shares of Limoneira by 3.0% in the third 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 in the last quarter. Riverwater Partners LLC raised 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 acquiring an additional 64,392 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings 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 acquiring an additional 60,010 shares during the last quarter. Barclays PLC lifted its position in Limoneira by 269.7% in the 3rd quarter. Barclays PLC now owns 21,708 shares of the company’s stock valued at $575,000 after acquiring an additional 15,836 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in Limoneira during the 3rd quarter valued at $415,000. 64.35% of the stock is currently owned by institutional investors.

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.