Limoneira (NASDAQ:LMNR) Shares Sold by White Pine Capital LLC

White Pine Capital LLC lowered its position in shares of Limoneira (NASDAQ:LMNR) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 114,172 shares of the company’s stock after selling 573 shares during the quarter. Limoneira comprises about 0.9% of White Pine Capital LLC’s portfolio, making the stock its 25th largest position. White Pine Capital LLC owned about 0.63% of Limoneira worth $2,793,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LMNR. Van ECK Associates Corp raised its stake in shares of Limoneira by 77.5% in the fourth quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock worth $63,000 after purchasing an additional 1,127 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in Limoneira by 144.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock worth $2,489,000 after buying an additional 60,010 shares during the period. Inspire Investing LLC raised its position in Limoneira by 3.9% during the 4th quarter. Inspire Investing LLC now owns 16,279 shares of the company’s stock worth $398,000 after buying an additional 617 shares during the last quarter. SG Americas Securities LLC lifted its stake in Limoneira by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 6,924 shares of the company’s stock valued at $169,000 after acquiring an additional 1,160 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its holdings in shares of Limoneira by 15.4% in the 4th quarter. Baker Ellis Asset Management LLC now owns 35,486 shares of the company’s stock valued at $868,000 after acquiring an additional 4,736 shares during the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Stock Up 1.4 %

Limoneira stock opened at $23.10 on Friday. The business’s 50-day moving average price is $24.23 and its 200 day moving average price is $24.99. 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 firm has a market cap of $417.65 million, a price-to-earnings ratio of 60.79 and a beta of 0.52. Limoneira has a 52 week low of $17.49 and a 52 week high of $29.22.

Limoneira Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.30%. Limoneira’s payout ratio is 78.95%.

Wall Street Analyst Weigh In

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

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.