Limoneira (NASDAQ:LMNR) Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC boosted its holdings in Limoneira (NASDAQ:LMNR) by 144.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,460 shares of the company’s stock after acquiring an additional 60,010 shares during the period. Robertson Stephens Wealth Management LLC owned 0.56% of Limoneira worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in Limoneira by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock valued at $92,000 after acquiring an additional 436 shares during the last quarter. Inspire Investing LLC grew its stake in Limoneira by 3.9% in the 4th quarter. Inspire Investing LLC now owns 16,279 shares of the company’s stock valued at $398,000 after acquiring an additional 617 shares during the last quarter. SG Americas Securities LLC grew its stake in Limoneira by 20.1% in 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 last quarter. JPMorgan Chase & Co. boosted its stake in shares of Limoneira by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock worth $241,000 after purchasing an additional 1,981 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted its stake in shares of Limoneira by 15.4% during the 4th quarter. Baker Ellis Asset Management LLC now owns 35,486 shares of the company’s stock worth $868,000 after purchasing an additional 4,736 shares during the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

Limoneira Price Performance

Limoneira stock opened at $22.90 on Friday. Limoneira has a 12-month low of $17.37 and a 12-month high of $29.22. The stock has a market capitalization of $414.10 million, a P/E ratio of 60.26 and a beta of 0.52. The firm’s 50-day moving average is $24.67 and its two-hundred day moving average is $24.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69.

Limoneira Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.31%. Limoneira’s dividend payout ratio is currently 78.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Tuesday.

About 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.