Cubist Systematic Strategies LLC Has $1.38 Million Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Cubist Systematic Strategies LLC grew its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 111.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,861 shares of the company’s stock after purchasing an additional 32,077 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.34% of Calavo Growers worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Capital Management LLC acquired a new position in Calavo Growers during the 4th quarter worth approximately $7,851,000. Dimensional Fund Advisors LP raised its position in shares of Calavo Growers by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 688,845 shares of the company’s stock worth $20,259,000 after purchasing an additional 60,803 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Calavo Growers by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,819 shares of the company’s stock worth $357,000 after purchasing an additional 582 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Calavo Growers by 23.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,030 shares of the company’s stock valued at $417,000 after purchasing an additional 2,891 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in Calavo Growers by 4.9% during the fourth quarter. GSA Capital Partners LLP now owns 128,056 shares of the company’s stock worth $3,766,000 after buying an additional 6,030 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

Calavo Growers Stock Up 0.8 %

CVGW stock opened at $28.77 on Wednesday. The firm has a market capitalization of $512.11 million, a PE ratio of -319.67 and a beta of 0.56. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $31.26. The stock’s 50 day moving average is $24.97 and its 200-day moving average is $25.48.

Calavo Growers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, October 2nd. This is a boost from Calavo Growers’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 2.78%. Calavo Growers’s dividend payout ratio (DPR) is -888.89%.

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.