Sowell Financial Services LLC Buys Shares of 39,160 Limoneira (NASDAQ:LMNR)

Sowell Financial Services LLC purchased a new position in Limoneira (NASDAQ:LMNR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,160 shares of the company’s stock, valued at approximately $958,000.

Several other large investors also recently modified their holdings of LMNR. Global Alpha Capital Management Ltd. boosted its position in Limoneira by 3.0% in the third quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock worth $87,442,000 after purchasing an additional 96,054 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Limoneira by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 36,999 shares of the company’s stock worth $980,000 after purchasing an additional 8,051 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Limoneira by 14.3% in the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after buying an additional 436 shares during the last quarter. De Lisle Partners LLP bought a new stake in Limoneira during the third quarter valued at approximately $269,000. Finally, PEAK6 Investments LLC purchased a new stake in Limoneira during the third quarter valued at approximately $255,000. Institutional investors own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Limoneira Stock Down 2.6 %

NASDAQ LMNR opened at $21.32 on Tuesday. Limoneira has a 52 week low of $18.30 and a 52 week high of $29.22. 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 company has a market capitalization of $384.72 million, a P/E ratio of 56.11 and a beta of 0.46. The stock’s 50-day moving average price is $23.03 and its 200-day moving average price is $25.20.

Limoneira Announces Dividend

The company also recently announced 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. This represents a $0.30 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Monday, December 30th. Limoneira’s payout ratio is 78.95%.

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.