Limoneira (NASDAQ:LMNR) Given “Hold” Rating at Lake Street Capital

Lake Street Capital reiterated their hold rating on shares of Limoneira (NASDAQ:LMNR) in a report published on Tuesday morning, Marketbeat.com reports. Lake Street Capital currently has a $25.00 target price on the stock.

Separately, B. Riley upped their price target on shares of Limoneira from $24.00 to $28.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $25.33.

Limoneira Stock Down 3.0 %

NASDAQ:LMNR opened at $24.25 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.84. Limoneira has a 1-year low of $13.88 and a 1-year high of $25.89. The company has a 50-day moving average of $22.06 and a 200 day moving average of $20.58. The firm has a market cap of $436.74 million, a PE ratio of -186.54, a price-to-earnings-growth ratio of 7.55 and a beta of 0.47.

Limoneira Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, July 8th were issued a $0.075 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.30 dividend on an annualized basis and a yield of 1.24%. Limoneira’s dividend payout ratio is presently -230.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Global Alpha Capital Management Ltd. lifted its position in Limoneira by 0.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 3,006,940 shares of the company’s stock valued at $58,816,000 after acquiring an additional 20,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Limoneira by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 927,965 shares of the company’s stock valued at $18,151,000 after purchasing an additional 14,572 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Limoneira by 3.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 211,403 shares of the company’s stock worth $4,135,000 after purchasing an additional 7,103 shares in the last quarter. Riverwater Partners LLC grew its stake in Limoneira by 26.4% during the 1st quarter. Riverwater Partners LLC now owns 139,946 shares of the company’s stock worth $2,737,000 after buying an additional 29,187 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Limoneira by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock valued at $2,700,000 after buying an additional 1,934 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

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.