Stratos Wealth Partners LTD. Cuts Position in Limoneira (NASDAQ:LMNR)

Stratos Wealth Partners LTD. decreased its holdings in Limoneira (NASDAQ:LMNR) by 21.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,023 shares of the company’s stock after selling 9,845 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.19% of Limoneira worth $723,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Global Alpha Capital Management Ltd. raised its holdings in Limoneira by 2.3% in the third quarter. Global Alpha Capital Management Ltd. now owns 2,980,140 shares of the company’s stock valued at $45,656,000 after buying an additional 66,000 shares during the period. Gamco Investors INC. ET AL raised its holdings in Limoneira by 24.5% in the third quarter. Gamco Investors INC. ET AL now owns 152,300 shares of the company’s stock valued at $2,333,000 after buying an additional 30,000 shares during the period. SG Capital Management LLC purchased a new position in Limoneira in the third quarter valued at approximately $882,000. Janney Montgomery Scott LLC purchased a new position in Limoneira in the third quarter valued at approximately $419,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Limoneira in the third quarter valued at approximately $64,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Roth Mkm raised their price target on shares of Limoneira from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. TheStreet downgraded shares of Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, January 30th.

Limoneira Price Performance

Shares of NASDAQ:LMNR opened at $19.31 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. Limoneira has a 52-week low of $13.88 and a 52-week high of $21.62. The company has a 50 day moving average of $18.67 and a two-hundred day moving average of $17.46. The company has a market capitalization of $347.58 million, a price-to-earnings ratio of -33.29, a price-to-earnings-growth ratio of 10.05 and a beta of 0.55.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. Limoneira had a negative net margin of 5.40% and a negative return on equity of 1.16%. The business had revenue of $39.73 million during the quarter, compared to the consensus estimate of $39.07 million. During the same quarter last year, the company earned ($0.53) earnings per share. As a group, analysts forecast that Limoneira will post 0.13 earnings per share for the current fiscal year.

Limoneira Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Monday, April 1st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 28th. Limoneira’s dividend payout ratio (DPR) is presently -51.72%.

Limoneira Profile

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.