Y Intercept Hong Kong Ltd Takes Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Y Intercept Hong Kong Ltd bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,950 shares of the company’s stock, valued at approximately $330,000. Y Intercept Hong Kong Ltd owned 0.07% of Calavo Growers at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuance Investments LLC raised its position in shares of Calavo Growers by 25.1% in the third quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock worth $46,703,000 after acquiring an additional 328,820 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Calavo Growers by 1.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 267,268 shares of the company’s stock valued at $7,625,000 after acquiring an additional 4,307 shares in the last quarter. Jane Street Group LLC grew its stake in Calavo Growers by 215.5% during the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock valued at $7,493,000 after acquiring an additional 179,395 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Calavo Growers by 221.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock valued at $3,533,000 after acquiring an additional 85,272 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Calavo Growers during the 4th quarter valued at about $1,371,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Calavo Growers Price Performance

Shares of CVGW opened at $22.77 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $23.88 and its 200-day simple moving average is $25.84. The firm has a market capitalization of $406.15 million, a price-to-earnings ratio of -379.50 and a beta of 0.57. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $31.26.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $161.99 million. During the same period in the previous year, the business posted ($0.33) earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts forecast that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Friday, January 10th. Calavo Growers’s dividend payout ratio (DPR) is -1,333.33%.

Analyst Ratings Changes

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

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.