Barclays PLC Acquires 20,551 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Barclays PLC lifted its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 338.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,625 shares of the company’s stock after purchasing an additional 20,551 shares during the quarter. Barclays PLC owned 0.15% of Calavo Growers worth $759,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd increased its holdings in shares of Calavo Growers by 42.3% during the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock worth $93,000 after purchasing an additional 973 shares during the period. Janus Henderson Group PLC bought a new position in shares of Calavo Growers during the third quarter worth approximately $219,000. LMR Partners LLP bought a new position in shares of Calavo Growers during the third quarter worth approximately $253,000. Inspire Investing LLC bought a new position in shares of Calavo Growers during the second quarter worth approximately $346,000. Finally, Quantbot Technologies LP bought a new position in shares of Calavo Growers during the third quarter worth approximately $357,000. 81.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Calavo Growers Stock Performance

Shares of NASDAQ:CVGW opened at $22.52 on Thursday. The company’s 50 day simple moving average is $26.31 and its 200 day simple moving average is $25.67. The stock has a market capitalization of $400.86 million, a price-to-earnings ratio of -45.04 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $31.26.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned ($0.33) earnings per share. As a group, research analysts predict that Calavo Growers, Inc. will post 1.31 EPS for the current fiscal year.

Calavo Growers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.80 dividend on an annualized basis and a yield of 3.55%. Calavo Growers’s dividend payout ratio (DPR) is -160.00%.

About Calavo Growers

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.