1,000 Shares in Calavo Growers, Inc. (NASDAQ:CVGW) Acquired by R Squared Ltd

R Squared Ltd acquired a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in Calavo Growers in the 4th quarter worth approximately $1,371,000. JPMorgan Chase & Co. raised its position in Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock worth $3,533,000 after purchasing an additional 85,272 shares during the last quarter. Barclays PLC raised its position in Calavo Growers by 338.3% in the 3rd quarter. Barclays PLC now owns 26,625 shares of the company’s stock worth $759,000 after purchasing an additional 20,551 shares during the last quarter. Verition Fund Management LLC bought a new position in Calavo Growers in the 3rd quarter worth approximately $746,000. Finally, Weiss Asset Management LP acquired a new stake in Calavo Growers during the 3rd quarter worth $1,378,000. Institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital lowered their target price on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

Calavo Growers Price Performance

CVGW opened at $22.36 on Wednesday. The company has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $25.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The firm has a market capitalization of $398.90 million, a PE ratio of -372.67 and a beta of 0.57.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The business had revenue of $169.96 million for the quarter, compared to analyst estimates of $161.99 million. During the same period in the prior year, the firm posted ($0.33) EPS. Calavo Growers’s revenue was up 19.5% on a year-over-year basis. As a group, analysts anticipate that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, January 10th. Calavo Growers’s dividend payout ratio (DPR) is -1,333.33%.

Calavo Growers Company 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.