Limoneira (NASDAQ:LMNR) Stake Decreased by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. reduced its holdings in Limoneira (NASDAQ:LMNR) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,264,181 shares of the company’s stock after selling 35,522 shares during the period. Limoneira makes up 5.8% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 2nd biggest position. Global Alpha Capital Management Ltd. owned 0.18% of Limoneira worth $79,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in Limoneira by 3.7% during the third quarter. State Street Corp now owns 311,388 shares of the company’s stock worth $8,252,000 after purchasing an additional 11,003 shares during the last quarter. Bank of New York Mellon Corp increased its position in Limoneira by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 120,532 shares of the company’s stock worth $2,948,000 after purchasing an additional 3,932 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in Limoneira by 144.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock worth $2,489,000 after purchasing an additional 60,010 shares during the last quarter. Advisors Asset Management Inc. increased its position in Limoneira by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 36,999 shares of the company’s stock worth $980,000 after purchasing an additional 8,051 shares during the last quarter. Finally, Baker Ellis Asset Management LLC increased its position in Limoneira by 15.4% during the fourth quarter. Baker Ellis Asset Management LLC now owns 35,486 shares of the company’s stock worth $868,000 after purchasing an additional 4,736 shares during the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th.

Limoneira Price Performance

Shares of LMNR opened at $21.89 on Friday. Limoneira has a 1-year low of $18.30 and a 1-year high of $29.22. The stock has a market cap of $395.84 million, a PE ratio of 57.61 and a beta of 0.52. The firm has a 50-day simple moving average of $23.08 and a two-hundred day simple moving average of $25.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69.

Limoneira Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, December 30th. Limoneira’s dividend payout ratio is presently 78.95%.

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.