Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 50.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,185 shares of the company’s stock after selling 6,338 shares during the period. Quantbot Technologies LP’s holdings in Calavo Growers were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CVGW. R Squared Ltd purchased a new position in Calavo Growers in the fourth quarter valued at about $26,000. Van ECK Associates Corp grew its holdings in Calavo Growers by 69.1% during the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after purchasing an additional 1,039 shares in the last quarter. Point72 DIFC Ltd increased its stake in Calavo Growers by 42.3% during the 3rd quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock worth $93,000 after buying an additional 973 shares during the period. Janus Henderson Group PLC acquired a new position in Calavo Growers in the 3rd quarter worth $219,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Calavo Growers in the 4th quarter valued at about $247,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Stock Performance

Shares of Calavo Growers stock opened at $24.22 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The firm has a market cap of $432.01 million, a PE ratio of -403.67 and a beta of 0.57. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. The firm’s 50-day simple moving average is $23.39 and its 200-day simple moving average is $25.72.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. During the same quarter last year, the firm posted ($0.33) earnings per share. Calavo Growers’s revenue was up 19.5% compared to the same quarter last year. Equities analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.30%. Calavo Growers’s payout ratio is currently 148.15%.

Analyst Ratings Changes

Several research firms recently commented on CVGW. Lake Street Capital cut their price target on Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. StockNews.com cut Calavo Growers from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

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.