Deutsche Bank AG Has $191,000 Position in Limoneira Co $LMNR

Deutsche Bank AG lowered its stake in shares of Limoneira Co (NASDAQ:LMNR) by 19.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,790 shares of the company’s stock after selling 2,590 shares during the quarter. Deutsche Bank AG owned about 0.06% of Limoneira worth $191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMNR. Dimensional Fund Advisors LP raised its holdings in Limoneira by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 521,638 shares of the company’s stock worth $12,759,000 after acquiring an additional 11,304 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Limoneira during the first quarter valued at about $4,487,000. Northern Trust Corp grew its position in shares of Limoneira by 6.5% in the fourth quarter. Northern Trust Corp now owns 155,495 shares of the company’s stock valued at $3,803,000 after purchasing an additional 9,486 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Limoneira by 45.6% in the first quarter. Envestnet Asset Management Inc. now owns 42,256 shares of the company’s stock worth $749,000 after purchasing an additional 13,243 shares during the period. Finally, Baker Ellis Asset Management LLC lifted its position in shares of Limoneira by 3.6% during the 1st quarter. Baker Ellis Asset Management LLC now owns 36,750 shares of the company’s stock worth $651,000 after purchasing an additional 1,264 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Stock Performance

NASDAQ LMNR opened at $15.76 on Friday. Limoneira Co has a twelve month low of $14.40 and a twelve month high of $29.22. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $284.78 million, a P/E ratio of -112.56 and a beta of 0.46. The company’s 50-day simple moving average is $15.57 and its 200 day simple moving average is $16.83.

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

Limoneira Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, July 7th were given a dividend of $0.075 per share. The ex-dividend date was Monday, July 7th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. Limoneira’s payout ratio is currently -214.29%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research raised Limoneira to a “hold” rating in a report on Tuesday, August 12th. Lake Street Capital raised 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.50.

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.