Nuveen LLC Takes Position in Limoneira Co $LMNR

Nuveen LLC acquired a new stake in Limoneira Co (NASDAQ:LMNR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 58,005 shares of the company's stock, valued at approximately $1,028,000. Nuveen LLC owned approximately 0.32% of Limoneira at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LMNR. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Limoneira in the 1st quarter worth approximately $4,487,000. Global Alpha Capital Management Ltd. grew its position in Limoneira by 0.4% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 3,278,681 shares of the company's stock worth $58,098,000 after purchasing an additional 14,500 shares during the period. Envestnet Asset Management Inc. grew its position in Limoneira by 45.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 42,256 shares of the company's stock worth $749,000 after purchasing an additional 13,243 shares during the period. Squarepoint Ops LLC grew its position in Limoneira by 97.3% in the 4th quarter. Squarepoint Ops LLC now owns 22,935 shares of the company's stock worth $561,000 after purchasing an additional 11,310 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Limoneira by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 521,638 shares of the company's stock worth $12,759,000 after purchasing an additional 11,304 shares during the period. Institutional investors own 64.35% of the company's stock.

Analyst Ratings Changes

LMNR has been the topic of several recent research reports. Lake Street Capital upgraded shares of Limoneira from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a research report on Tuesday, June 10th. Zacks Research raised shares of Limoneira to a "hold" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.00.

Limoneira Stock Performance

Shares of LMNR stock traded down $0.19 during mid-day trading on Friday, reaching $15.77. 37,868 shares of the company's stock traded hands, compared to its average volume of 35,603. Limoneira Co has a 12 month low of $14.40 and a 12 month high of $29.22. The firm has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $16.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a market capitalization of $284.96 million, a PE ratio of -112.63 and a beta of 0.44.

Limoneira (NASDAQ:LMNR - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). The firm had revenue of $35.12 million during the quarter, compared to the consensus estimate of $38.70 million. Limoneira had a negative return on equity of 0.90% and a negative net margin of 0.96%.During the same quarter in the previous year, the company earned $0.44 earnings per share.

Limoneira Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, July 7th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, July 7th. Limoneira's dividend payout ratio is presently -214.29%.

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.