2 days Ago By Defense World Staff
American Century Companies Inc. raised its holdings in shares of Limoneira ( NASDAQ:LMNR – Free Report ) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 32,160 shares of the company’s stock after buying an additional 4,826 shares during the period. American Century Companies Inc. owned about 0.
18% of Limoneira worth $787,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in Limoneira by 77.
5% in the 4th quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock worth $63,000 after acquiring an additional 1,127 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Limoneira by 14.
3% during the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after purchasing an additional 436 shares during the period. SG Americas Securities LLC increased its holdings in Limoneira by 20.
1% during the 4th quarter. SG Americas Securities LLC now owns 6,924 shares of the company’s stock valued at $169,000 after purchasing an additional 1,160 shares during the period. JPMorgan Chase & Co.
raised its position in Limoneira by 27.9% during the 3rd quarter. JPMorgan Chase & Co.
now owns 9,086 shares of the company’s stock valued at $241,000 after purchasing an additional 1,981 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in Limoneira by 3.9% in the 4th quarter.
Inspire Investing LLC now owns 16,279 shares of the company’s stock worth $398,000 after buying an additional 617 shares during the period. 64.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets Several research firms have recently issued reports on LMNR. StockNews.com raised Limoneira to a “sell” rating in a research note on Wednesday.
Lake Street Capital cut their price target on shares of Limoneira from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, March 13th.
Limoneira Stock Up 1.8 % Shares of NASDAQ:LMNR opened at $16.60 on Friday.
The firm has a market capitalization of $299.55 million, a P/E ratio of 43.69 and a beta of 0.
38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.
69 and a current ratio of 0.74. The stock has a 50 day moving average price of $20.
01 and a 200-day moving average price of $23.80. Limoneira has a 52-week low of $15.
58 and a 52-week high of $29.22. Limoneira Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th.
Shareholders of record on Monday, March 31st were issued a $0.075 dividend. The ex-dividend date was Monday, March 31st.
This represents a $0.30 dividend on an annualized basis and a yield of 1.81%.
Limoneira’s dividend payout ratio (DPR) is 73.17%. Limoneira announced that its board has approved a stock repurchase program on Monday, March 17th that allows the company to buyback $30.
00 million in outstanding shares. This buyback authorization allows the company to buy up to 8.8% of its shares through open market purchases.
Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued. About Limoneira ( 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. Read More Five stocks we like better than Limoneira Following Congress Stock Trades JPMorgan is a Buy, if You Can Handle The Volatility What Investors Need to Know to Beat the Market United States Steel’s Crash: An Unmissable Buying Opportunity How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? Rocket Lab Stock: Weathering the Storm, Time for a Comeback? Receive News & Ratings for Limoneira Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limoneira and related companies with MarketBeat.
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