Nuveen LLC Makes New $1.03 Million Investment in Limoneira Co $LMNR

Nuveen LLC purchased a new position in shares of Limoneira Co (NASDAQ:LMNR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,005 shares of the company’s stock, valued at approximately $1,028,000. Nuveen LLC owned approximately 0.32% of Limoneira as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LMNR. Barclays PLC lifted its stake in Limoneira by 14.7% during the fourth quarter. Barclays PLC now owns 24,895 shares of the company’s stock worth $609,000 after purchasing an additional 3,187 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Limoneira by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 521,638 shares of the company’s stock worth $12,759,000 after purchasing an additional 11,304 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Limoneira by 3,345.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the company’s stock valued at $62,000 after acquiring an additional 2,476 shares in the last quarter. Northern Trust Corp raised its stake 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 acquiring an additional 9,486 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Limoneira by 37.5% in the fourth quarter. Bank of America Corp DE now owns 17,956 shares of the company’s stock valued at $439,000 after acquiring an additional 4,897 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Limoneira Stock Performance

NASDAQ:LMNR opened at $15.76 on Tuesday. The firm has a market capitalization of $284.78 million, a PE ratio of -112.56 and a beta of 0.44. The business’s fifty day moving average price is $15.58 and its 200 day moving average price is $16.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 0.94. Limoneira Co has a 12 month low of $14.40 and a 12 month high of $29.22.

Limoneira (NASDAQ:LMNR) last posted 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). The business had revenue of $35.12 million during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.44 EPS.

Limoneira Announces Dividend

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

Analyst Upgrades and Downgrades

LMNR has been the topic of several analyst reports. Lake Street Capital upgraded Limoneira from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, June 10th. Zacks Research upgraded Limoneira to a “hold” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.