Baker Ellis Asset Management LLC Boosts Stake in Limoneira (NASDAQ:LMNR)

Baker Ellis Asset Management LLC grew its stake in shares of Limoneira (NASDAQ:LMNR) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,486 shares of the company’s stock after buying an additional 4,736 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Limoneira were worth $868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in Limoneira by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after purchasing an additional 436 shares during the period. SG Americas Securities LLC purchased a new position in Limoneira in the 3rd quarter worth $153,000. Legacy Capital Group California Inc. purchased a new position in shares of Limoneira in the third quarter valued at about $206,000. JPMorgan Chase & Co. increased its position in shares of Limoneira by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock valued at $241,000 after acquiring an additional 1,981 shares during the period. Finally, PEAK6 Investments LLC purchased a new position in shares of Limoneira in the third quarter valued at about $255,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Price Performance

LMNR stock opened at $22.47 on Thursday. The firm’s 50-day moving average price is $25.59 and its two-hundred day moving average price is $24.87. The stock has a market capitalization of $406.26 million, a price-to-earnings ratio of 59.13 and a beta of 0.52. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. Limoneira has a 12-month low of $17.37 and a 12-month high of $29.22.

Limoneira Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Monday, December 30th. Limoneira’s payout ratio is 78.95%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th.

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.