Limoneira (NASDAQ:LMNR) Shares Cross Above 200 Day Moving Average of $19.78

Shares of Limoneira (NASDAQ:LMNR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.78 and traded as high as $20.87. Limoneira shares last traded at $20.28, with a volume of 32,416 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Lake Street Capital lifted their price target on Limoneira from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, June 7th. StockNews.com lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th.

Limoneira Stock Down 1.3 %

The firm has a 50 day moving average of $20.74 and a two-hundred day moving average of $19.80. The stock has a market capitalization of $369.59 million, a PE ratio of -157.85, a P/E/G ratio of 6.47 and a beta of 0.48. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

Limoneira (NASDAQ:LMNR) last posted its earnings results on Thursday, June 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.20. The company had revenue of $44.61 million for the quarter, compared to analyst estimates of $54.62 million. Limoneira had a positive return on equity of 0.67% and a negative net margin of 0.92%. Equities research analysts anticipate that Limoneira will post 0.22 earnings per share for the current year.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, July 8th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.30 annualized dividend and a yield of 1.46%. Limoneira’s dividend payout ratio (DPR) is currently -230.77%.

Institutional Trading of Limoneira

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its position in shares of Limoneira by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 9,621 shares of the company’s stock worth $198,000 after purchasing an additional 2,013 shares during the last quarter. Bfsg LLC acquired a new position in shares of Limoneira in the fourth quarter worth $36,000. White Pine Capital LLC lifted its position in shares of Limoneira by 13.9% in the fourth quarter. White Pine Capital LLC now owns 112,661 shares of the company’s stock valued at $2,324,000 after acquiring an additional 13,743 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Limoneira by 17.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,215 shares of the company’s stock valued at $665,000 after acquiring an additional 4,879 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Limoneira during the 4th quarter worth about $633,000. 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.