Global Alpha Capital Management Ltd. cut its position in shares of Limoneira (NASDAQ:LMNR - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,264,181 shares of the company's stock after selling 35,522 shares during the period. Limoneira accounts for 5.8% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 2nd biggest position. Global Alpha Capital Management Ltd. owned about 18.05% of Limoneira worth $79,842,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Limoneira by 77.5% during the fourth quarter. Van ECK Associates Corp now owns 2,581 shares of the company's stock worth $63,000 after buying an additional 1,127 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Limoneira by 14.3% during the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company's stock worth $92,000 after buying an additional 436 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Limoneira by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 6,924 shares of the company's stock valued at $169,000 after purchasing an additional 1,160 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Limoneira by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company's stock valued at $241,000 after purchasing an additional 1,981 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Limoneira during the third quarter valued at $255,000. 64.35% of the stock is owned by hedge funds and other institutional investors.
LMNR opened at $21.89 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 0.21. The company has a market cap of $395.84 million, a price-to-earnings ratio of 57.61 and a beta of 0.52. Limoneira has a 52-week low of $18.30 and a 52-week high of $29.22. The firm's fifty day simple moving average is $23.08 and its two-hundred day simple moving average is $25.14.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, December 30th. Limoneira's dividend payout ratio is currently 78.95%.
Separately, StockNews.com downgraded shares of Limoneira from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th.
Check Out Our Latest Research Report on 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.
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