White Pine Capital LLC Has $2.32 Million Stock Position in Limoneira (NASDAQ:LMNR)

White Pine Capital LLC grew its position in shares of Limoneira (NASDAQ:LMNR) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,661 shares of the company’s stock after acquiring an additional 13,743 shares during the quarter. Limoneira accounts for 0.9% of White Pine Capital LLC’s holdings, making the stock its 27th biggest position. White Pine Capital LLC’s holdings in Limoneira were worth $2,324,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Bfsg LLC acquired a new position in Limoneira during the 4th quarter worth approximately $36,000. SG Americas Securities LLC raised its stake in shares of Limoneira by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 9,621 shares of the company’s stock worth $198,000 after purchasing an additional 2,013 shares in the last quarter. Riverwater Partners LLC raised its stake in shares of Limoneira by 1.3% during the 4th quarter. Riverwater Partners LLC now owns 110,759 shares of the company’s stock worth $2,285,000 after purchasing an additional 1,423 shares in the last quarter. First Wilshire Securities Management Inc. raised its stake in shares of Limoneira by 15.9% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 725,884 shares of the company’s stock worth $11,121,000 after purchasing an additional 99,641 shares in the last quarter. Finally, SG Capital Management LLC bought a new stake in shares of Limoneira during the 3rd quarter worth approximately $882,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Wall Street Analysts Forecast Growth

LMNR has been the topic of a number of analyst reports. StockNews.com cut Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday. Roth Mkm increased their price objective on Limoneira from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, TheStreet cut Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, January 30th.

Limoneira Price Performance

Shares of LMNR traded up $0.11 during trading hours on Friday, hitting $19.85. 30,648 shares of the company were exchanged, compared to its average volume of 39,960. Limoneira has a fifty-two week low of $13.88 and a fifty-two week high of $21.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.84 and a current ratio of 0.92. The firm’s fifty day moving average is $18.96 and its 200 day moving average is $17.78.

Limoneira (NASDAQ:LMNR) last released its earnings results on Thursday, March 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.05. The company had revenue of $39.73 million for the quarter, compared to analyst estimates of $39.07 million. Limoneira had a negative return on equity of 1.16% and a negative net margin of 5.40%. During the same period in the prior year, the firm posted ($0.53) EPS. On average, equities analysts predict that Limoneira will post 0.13 EPS for the current year.

Limoneira Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 28th. Limoneira’s dividend payout ratio (DPR) is currently -51.72%.

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.