Jose De Jesus Loza, a director at Lemonaria (LMNR), recently picked up 10,000 shares. The buy increased his stake by nearly 3 percent, and came to a total purchase price of just over $156,000.
This is the sixth buy from this director since mid-September, who has bought nearly 40,000 shares all told. That’s in contrast to a number of sales over the past year from insiders at higher prices.
While insider selling has been heavy, overall company insiders own 16 percent of shares in the firm.
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Shares of the agribusiness and farm company are up about 5 percent in the past year, a fraction of the return of the S&P 500 index. The company has operationally performed flat, although earnings are up over 61 percent.
There’s a potential for shares to move higher given the asset value of the company’s land, and rising agricultural prices could bode well as part of an inflationary hedge.
Action to take: Shares look like an interesting hedge, given the company’s exposure to agriculture and land. Investors can lock in a 1.9 percent dividend yield, although the company hasn’t grown its payout in the past year.
Traders may want to consider the March $17.50 calls. Last going for about $0.90, they could deliver mid-to-high double-digit returns in the coming months should shares rally.
Disclosure: The author of this article has no position in the company mentioned here, and does not intend to trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.