BNP Paribas Financial Markets Has $55,000 Stock Position in Limoneira (NASDAQ:LMNR)

BNP Paribas Financial Markets lessened its holdings in shares of Limoneira (NASDAQ:LMNR) by 35.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,266 shares of the company’s stock after selling 1,220 shares during the quarter. BNP Paribas Financial Markets’ holdings in Limoneira were worth $55,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in Limoneira by 3,345.9% in the 4th 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. Van ECK Associates Corp increased its stake in shares of Limoneira by 77.5% in the 4th quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock valued at $63,000 after acquiring an additional 1,127 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Limoneira by 20.1% in 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. Parvin Asset Management LLC acquired a new position in shares of Limoneira in the 4th quarter valued at approximately $357,000. Finally, Wells Fargo & Company MN boosted its position in Limoneira by 12.1% during the 4th quarter. Wells Fargo & Company MN now owns 19,615 shares of the company’s stock worth $480,000 after acquiring an additional 2,116 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LMNR shares. Wall Street Zen raised Limoneira to a “sell” rating in a research report on Wednesday, April 9th. Lake Street Capital lowered their price objective on Limoneira from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, March 13th.

Limoneira Trading Up 0.1%

Shares of LMNR stock opened at $15.80 on Tuesday. The company has a market cap of $285.11 million, a P/E ratio of 41.58 and a beta of 0.43. The stock has a 50 day simple moving average of $16.06 and a two-hundred day simple moving average of $20.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74. Limoneira has a fifty-two week low of $14.80 and a fifty-two 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 paid 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 1.90%. Limoneira’s dividend payout ratio (DPR) is presently 73.17%.

Limoneira declared that its board has authorized a share repurchase plan on Monday, March 17th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.