The Manufacturers Life Insurance Company Increases Stake in Limoneira Co (LMNR)

The Manufacturers Life Insurance Company lifted its holdings in Limoneira Co (NASDAQ:LMNR) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,872 shares of the company’s stock after purchasing an additional 837 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Limoneira worth $257,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LMNR. Dimensional Fund Advisors LP lifted its position in shares of Limoneira by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 171,474 shares of the company’s stock worth $4,052,000 after purchasing an additional 31,293 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Limoneira in the second quarter worth $683,000. State Street Corp lifted its position in shares of Limoneira by 15.1% in the second quarter. State Street Corp now owns 198,221 shares of the company’s stock worth $4,682,000 after purchasing an additional 25,932 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Limoneira by 4.0% in the first quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock worth $10,230,000 after purchasing an additional 18,774 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Limoneira in the second quarter worth $354,000. 27.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Limoneira Co (NASDAQ:LMNR) opened at $23.29 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.74 and a debt-to-equity ratio of 0.70. The company has a market cap of $357.02, a price-to-earnings ratio of 46.02 and a beta of 1.06. Limoneira Co has a 1 year low of $16.39 and a 1 year high of $26.06.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, September 11th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Limoneira had a return on equity of 6.64% and a net margin of 7.42%. The business had revenue of $40.40 million during the quarter, compared to the consensus estimate of $37.94 million. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. research analysts forecast that Limoneira Co will post 0.52 EPS for the current year.

In other Limoneira news, Director Ronald L. Michaelis sold 1,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $23.58, for a total transaction of $35,370.00. Following the sale, the director now directly owns 9,686 shares of the company’s stock, valued at $228,395.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Harold S. Edwards sold 6,652 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total transaction of $152,996.00. The disclosure for this sale can be found here. Insiders have sold 8,649 shares of company stock worth $200,293 over the last ninety days. Insiders own 5.70% of the company’s stock.

A number of analysts have recently commented on the stock. BidaskClub lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, August 25th.

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About Limoneira

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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