Calavo Growers, Inc. (NASDAQ:CVGW) Stake Raised by Barclays PLC

Barclays PLC lifted its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 338.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,625 shares of the company’s stock after purchasing an additional 20,551 shares during the period. Barclays PLC’s holdings in Calavo Growers were worth $759,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CVGW. Bank of New York Mellon Corp grew its position in Calavo Growers by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 189,032 shares of the company’s stock worth $4,291,000 after purchasing an additional 5,655 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Calavo Growers by 40.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company’s stock worth $87,000 after acquiring an additional 1,100 shares during the period. Rhumbline Advisers grew its stake in Calavo Growers by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 57,119 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,247 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Calavo Growers by 246.7% in the 2nd quarter. American Century Companies Inc. now owns 261,316 shares of the company’s stock valued at $5,932,000 after purchasing an additional 185,946 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Calavo Growers by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 718,914 shares of the company’s stock worth $16,319,000 after purchasing an additional 9,034 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Stock Performance

CVGW stock opened at $25.50 on Wednesday. The firm has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $25.62. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The stock has a market cap of $453.87 million, a P/E ratio of -51.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04.

Calavo Growers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, January 10th. Calavo Growers’s dividend payout ratio (DPR) is presently -160.00%.

Calavo Growers Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.