Limoneira (NASDAQ:LMNR) CFO Sells $12,770.00 in Stock

Limoneira Co (NASDAQ:LMNRGet Free Report) CFO Gregory Hamm sold 1,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $12.77, for a total value of $12,770.00. Following the completion of the sale, the chief financial officer directly owned 77,668 shares of the company’s stock, valued at $991,820.36. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Trading Down 8.0%

Shares of Limoneira stock opened at $11.87 on Friday. Limoneira Co has a 1 year low of $11.69 and a 1 year high of $17.19. The firm has a market cap of $214.93 million, a PE ratio of -9.27 and a beta of 0.30. The stock has a fifty day moving average price of $12.97 and a 200-day moving average price of $13.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08.

Limoneira (NASDAQ:LMNRGet Free Report) last announced its earnings results on Thursday, March 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.09). Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. The business had revenue of $18.21 million for the quarter, compared to analysts’ expectations of $16.22 million. Equities research analysts anticipate that Limoneira Co will post -0.47 EPS for the current year.

Institutional Investors Weigh In On Limoneira

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Limoneira by 64.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after purchasing an additional 668 shares during the period. Bank of America Corp DE boosted its stake in Limoneira by 5.5% in the 1st quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock worth $222,000 after purchasing an additional 859 shares during the period. Flax Pond Capital LLC boosted its stake in Limoneira by 0.7% in the 1st quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock worth $2,297,000 after purchasing an additional 1,224 shares during the period. American Century Companies Inc. boosted its stake in Limoneira by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 36,690 shares of the company’s stock worth $574,000 after purchasing an additional 1,359 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Limoneira by 5.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,614 shares of the company’s stock worth $380,000 after purchasing an additional 1,380 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LMNR shares. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.50.

View Our Latest Analysis on Limoneira

Limoneira Company Profile

(Get Free Report)

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.

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