Advisors Asset Management Inc. Has $980,000 Stock Position in Limoneira (NASDAQ:LMNR)

Advisors Asset Management Inc. lifted its holdings in Limoneira (NASDAQ:LMNR) by 27.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,999 shares of the company’s stock after purchasing an additional 8,051 shares during the period. Advisors Asset Management Inc. owned 0.20% of Limoneira worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers boosted its position in Limoneira by 7.4% during the second quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after purchasing an additional 1,565 shares during the period. Bank of New York Mellon Corp grew its stake in Limoneira by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock valued at $2,700,000 after buying an additional 1,934 shares during the last quarter. Gabelli Funds LLC raised its holdings in Limoneira by 2.5% in the 2nd quarter. Gabelli Funds LLC now owns 123,300 shares of the company’s stock worth $2,566,000 after acquiring an additional 3,000 shares during the period. American Century Companies Inc. lifted its position in Limoneira by 32.9% during the 2nd quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock worth $462,000 after acquiring an additional 5,498 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Limoneira during the third quarter valued at about $153,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Trading Up 2.1 %

Shares of LMNR opened at $27.90 on Wednesday. The stock’s 50-day moving average price is $26.92 and its 200 day moving average price is $23.40. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $503.65 million, a price-to-earnings ratio of 96.21 and a beta of 0.48. Limoneira has a 12-month low of $15.15 and a 12-month high of $29.22.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, September 9th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $63.31 million for the quarter, compared to analyst estimates of $63.85 million. Limoneira had a return on equity of 3.97% and a net margin of 3.24%. As a group, research analysts predict that Limoneira will post 0.4 earnings per share for the current year.

Limoneira Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Monday, October 7th. Limoneira’s dividend payout ratio is 103.45%.

Analyst Ratings Changes

LMNR has been the topic of a number of recent analyst reports. StockNews.com upgraded Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. B. Riley lifted their price target on Limoneira from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Lake Street Capital reissued a “hold” rating and issued a $25.00 price objective on shares of Limoneira in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.33.

Limoneira Profile

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.