Schonfeld Strategic Advisors LLC trimmed its position in shares of Limoneira (NASDAQ:LMNR - Free Report) by 79.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,606 shares of the company's stock after selling 81,289 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.11% of Limoneira worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of LMNR. Northern Trust Corp lifted its holdings in Limoneira by 6.5% in the fourth quarter. Northern Trust Corp now owns 155,495 shares of the company's stock valued at $3,803,000 after acquiring an additional 9,486 shares during the period. Tower Research Capital LLC TRC grew its position in Limoneira by 3,345.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the company's stock valued at $62,000 after buying an additional 2,476 shares during the period. Dimensional Fund Advisors LP increased its holdings in Limoneira by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 521,638 shares of the company's stock valued at $12,759,000 after buying an additional 11,304 shares during the last quarter. Barclays PLC raised its position in Limoneira by 14.7% in the fourth quarter. Barclays PLC now owns 24,895 shares of the company's stock worth $609,000 after acquiring an additional 3,187 shares during the period. Finally, Quinn Opportunity Partners LLC boosted its stake in shares of Limoneira by 7.2% during the 4th quarter. Quinn Opportunity Partners LLC now owns 66,028 shares of the company's stock worth $1,615,000 after acquiring an additional 4,407 shares during the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the company. StockNews.com upgraded Limoneira to a "sell" rating in a research report on Wednesday, April 9th. Lake Street Capital dropped their price target on shares of Limoneira from $25.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, March 13th.
View Our Latest Report on LMNR
Limoneira Trading Down 1.1 %
Limoneira stock opened at $15.58 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69. The firm's 50 day moving average price is $17.21 and its 200-day moving average price is $22.24. Limoneira has a 1 year low of $14.80 and a 1 year high of $29.22. The stock has a market cap of $281.14 million, a P/E ratio of 41.00 and a beta of 0.43.
Limoneira Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.93%. Limoneira's dividend payout ratio is currently 73.17%.
Limoneira declared that its board has authorized a share repurchase plan on Monday, March 17th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.
Limoneira Company Profile
(
Free Report)
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.
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