Limoneira Co (NASDAQ:LMNR) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Limoneira Co (NASDAQ:LMNR) by 45.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,256 shares of the company’s stock after purchasing an additional 13,243 shares during the period. Envestnet Asset Management Inc. owned approximately 0.23% of Limoneira worth $749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Limoneira by 1,423.4% during the 1st quarter. GAMMA Investing LLC now owns 1,630 shares of the company’s stock worth $29,000 after buying an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Limoneira by 3,345.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the company’s stock worth $62,000 after buying an additional 2,476 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of Limoneira by 168.7% during the 1st quarter. Byrne Asset Management LLC now owns 3,869 shares of the company’s stock worth $69,000 after buying an additional 2,429 shares in the last quarter. Deutsche Bank AG raised its position in shares of Limoneira by 29.3% during the 4th quarter. Deutsche Bank AG now owns 13,380 shares of the company’s stock worth $327,000 after buying an additional 3,033 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new stake in shares of Limoneira during the 4th quarter worth about $357,000. Institutional investors own 64.35% of the company’s stock.

Limoneira Stock Performance

NASDAQ:LMNR opened at $14.77 on Monday. Limoneira Co has a twelve month low of $14.40 and a twelve month high of $29.22. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $15.47 and a 200-day moving average of $17.78. The firm has a market cap of $266.89 million, a price-to-earnings ratio of -105.49 and a beta of 0.46.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, June 9th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The business had revenue of $35.12 million for the quarter, compared to the consensus estimate of $38.70 million. Limoneira had a negative net margin of 0.96% and a negative return on equity of 0.90%. During the same quarter last year, the business posted $0.44 EPS.

Limoneira Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, July 7th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, July 7th. Limoneira’s payout ratio is presently -214.29%.

Wall Street Analyst Weigh In

LMNR has been the subject of several research reports. Lake Street Capital upgraded shares of Limoneira from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Limoneira to a “sell” rating in a research report on Wednesday, April 9th.

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.