Short Interest in Limoneira (NASDAQ:LMNR) Declines By 20.1%

Limoneira (NASDAQ:LMNR) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 221,000 shares, a drop of 20.1% from the December 31st total of 276,600 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 54,300 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Investors Weigh In On Limoneira

Institutional investors have recently made changes to their positions in the company. Global Alpha Capital Management Ltd. lifted its stake in Limoneira by 3.0% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock valued at $87,442,000 after acquiring an additional 96,054 shares during the period. State Street Corp raised its holdings in shares of Limoneira by 3.7% during the third quarter. State Street Corp now owns 311,388 shares of the company’s stock valued at $8,252,000 after purchasing an additional 11,003 shares during the last quarter. Riverwater Partners LLC lifted its position in Limoneira by 47.3% during the third quarter. Riverwater Partners LLC now owns 200,423 shares of the company’s stock valued at $5,245,000 after purchasing an additional 64,392 shares during the period. Robertson Stephens Wealth Management LLC boosted its holdings in Limoneira by 144.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock worth $2,489,000 after purchasing an additional 60,010 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in 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. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Stock Down 0.1 %

Shares of LMNR traded down $0.02 during trading hours on Friday, hitting $23.06. The company had a trading volume of 52,597 shares, compared to its average volume of 59,164. Limoneira has a 52-week low of $17.37 and a 52-week high of $29.22. The firm has a fifty day moving average price of $25.07 and a 200-day moving average price of $24.95. The stock has a market capitalization of $416.92 million, a price-to-earnings ratio of 60.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74.

Limoneira Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.075 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.30%. Limoneira’s dividend payout ratio is presently 78.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Limoneira from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

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.