First Wilshire Securities Management Inc. Decreases Stock Position in Limoneira (NASDAQ:LMNR)

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First Wilshire Securities Management Inc. reduced its position in Limoneira (NASDAQ:LMNR) by 34.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,993 shares of the company’s stock after selling 56,506 shares during the quarter. First Wilshire Securities Management Inc. owned approximately 0.60% of Limoneira worth $2,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Stephens Inc. AR increased its position in Limoneira by 3.8% in the first quarter. Stephens Inc. AR now owns 12,816 shares of the company’s stock worth $302,000 after buying an additional 464 shares during the last quarter. JPMorgan Chase & Co. increased its position in Limoneira by 18.4% in the second quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock worth $83,000 after buying an additional 668 shares during the last quarter. Bank of Montreal Can increased its position in Limoneira by 132,800.0% in the second quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock worth $27,000 after buying an additional 1,328 shares during the last quarter. Aperio Group LLC purchased a new stake in Limoneira in the second quarter worth $41,000. Finally, Deprince Race & Zollo Inc. increased its position in Limoneira by 0.6% in the second quarter. Deprince Race & Zollo Inc. now owns 423,003 shares of the company’s stock worth $8,435,000 after buying an additional 2,329 shares during the last quarter. 54.86% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on LMNR. Lake Street Capital reissued a “buy” rating and issued a $25.00 target price (down from $28.00) on shares of Limoneira in a research report on Thursday, June 13th. TheStreet cut Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. BidaskClub upgraded Limoneira from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. National Securities began coverage on Limoneira in a research report on Monday, July 22nd. They issued a “buy” rating and a $30.00 price target for the company. Finally, Zacks Investment Research cut Limoneira from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Limoneira has a consensus rating of “Buy” and an average target price of $25.25.

Shares of NASDAQ LMNR opened at $18.40 on Friday. Limoneira has a fifty-two week low of $17.05 and a fifty-two week high of $27.96. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $19.04 and a 200-day moving average of $20.73.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

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Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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