Inspire Investing LLC Takes $346,000 Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Inspire Investing LLC bought a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,238 shares of the company’s stock, valued at approximately $346,000. Inspire Investing LLC owned approximately 0.09% of Calavo Growers as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CVGW. SG Capital Management LLC acquired a new stake in Calavo Growers in the 4th quarter valued at $7,851,000. Dimensional Fund Advisors LP increased its holdings in Calavo Growers by 9.7% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Calavo Growers by 4.8% in the first 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 during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Calavo Growers by 23.8% in the first 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 position in Calavo Growers by 4.9% in the 4th quarter. GSA Capital Partners LLP now owns 128,056 shares of the company’s stock valued at $3,766,000 after buying an additional 6,030 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Calavo Growers Price Performance

NASDAQ CVGW opened at $28.12 on Wednesday. The company has a market cap of $500.54 million, a PE ratio of -312.44 and a beta of 0.56. The company has a quick ratio of 1.66, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $24.56 and its two-hundred day simple moving average is $25.51. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26.

Calavo Growers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Calavo Growers’s previous quarterly dividend of $0.10. Calavo Growers’s dividend payout ratio is -888.89%.

Wall Street Analyst Weigh In

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

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.