NJ State Employees Deferred Compensation Plan Has $602,000 Position in Limoneira Co (LMNR)

NJ State Employees Deferred Compensation Plan boosted its stake in shares of Limoneira Co (NASDAQ:LMNR) by 73.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,000 shares of the company’s stock after buying an additional 11,000 shares during the period. NJ State Employees Deferred Compensation Plan owned approximately 0.18% of Limoneira worth $602,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Limoneira by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock valued at $10,230,000 after buying an additional 18,774 shares in the last quarter. Wells Fargo & Company MN increased its position in Limoneira by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 8,336 shares of the company’s stock valued at $175,000 after buying an additional 410 shares in the last quarter. Geode Capital Management LLC increased its position in Limoneira by 9.9% during the 1st quarter. Geode Capital Management LLC now owns 85,463 shares of the company’s stock valued at $1,787,000 after buying an additional 7,675 shares in the last quarter. American International Group Inc. increased its position in Limoneira by 7.0% during the 1st quarter. American International Group Inc. now owns 7,214 shares of the company’s stock valued at $151,000 after buying an additional 471 shares in the last quarter. Finally, Teton Advisors Inc. increased its position in Limoneira by 1.5% during the 2nd quarter. Teton Advisors Inc. now owns 138,575 shares of the company’s stock valued at $3,275,000 after buying an additional 1,985 shares in the last quarter. 26.57% of the stock is owned by institutional investors.

In related news, 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 value of $152,996.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $35,370.00. Following the completion of the transaction, the director now directly owns 9,686 shares in the company, valued at $228,395.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,146 shares of company stock worth $233,507. 5.70% of the stock is owned by insiders.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Monday, September 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $40.40 million for the quarter, compared to analyst estimates of $37.94 million. Limoneira had a return on equity of 6.64% and a net margin of 7.42%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Monday, October 9th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 5th. Limoneira’s payout ratio is 37.29%.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub lowered Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.

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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.

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Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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