Limoneira (NASDAQ:LMNR) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. decreased its stake in Limoneira (NASDAQ:LMNR) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,000 shares of the company’s stock after selling 39,000 shares during the period. Limoneira accounts for 1.1% of Teton Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Teton Advisors Inc. owned about 0.87% of Limoneira worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. lifted its position in shares of Limoneira by 2.3% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 2,980,140 shares of the company’s stock valued at $45,656,000 after acquiring an additional 66,000 shares during the period. First Wilshire Securities Management Inc. grew its holdings in Limoneira by 15.9% in the third quarter. First Wilshire Securities Management Inc. now owns 725,884 shares of the company’s stock valued at $11,121,000 after purchasing an additional 99,641 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Limoneira by 24.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 152,300 shares of the company’s stock worth $2,333,000 after buying an additional 30,000 shares during the last quarter. White Pine Capital LLC increased its stake in Limoneira by 13.9% during the fourth quarter. White Pine Capital LLC now owns 112,661 shares of the company’s stock worth $2,324,000 after acquiring an additional 13,743 shares during the last quarter. Finally, Riverwater Partners LLC raised its holdings in Limoneira by 1.3% in the fourth quarter. Riverwater Partners LLC now owns 110,759 shares of the company’s stock valued at $2,285,000 after buying an additional 1,423 shares during the period. 64.35% of the stock is owned by institutional investors and hedge funds.

Limoneira Price Performance

Shares of LMNR stock remained flat at $19.85 during trading hours on Monday. 22,788 shares of the stock were exchanged, compared to its average volume of 40,794. The firm has a fifty day moving average of $18.99 and a two-hundred day moving average of $17.85. The firm has a market capitalization of $357.30 million, a price-to-earnings ratio of -34.22, a PEG ratio of 10.18 and a beta of 0.55. Limoneira has a twelve month low of $13.88 and a twelve month high of $21.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.84.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.05. The business had revenue of $39.73 million during 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 previous year, the company earned ($0.53) EPS. Research analysts expect that Limoneira will post 0.13 earnings per share for the current fiscal year.

Limoneira Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LMNR shares. TheStreet lowered Limoneira from a “b-” rating to a “c+” rating in a research note on Tuesday, January 30th. StockNews.com cut Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Roth Mkm boosted 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.

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.