Van ECK Associates Corp Has $65,000 Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Van ECK Associates Corp lifted its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 69.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,542 shares of the company’s stock after buying an additional 1,039 shares during the quarter. Van ECK Associates Corp’s holdings in Calavo Growers were worth $65,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Calavo Growers in the fourth quarter worth $26,000. Point72 DIFC Ltd lifted its stake in shares of Calavo Growers by 42.3% in the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after buying an additional 973 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Calavo Growers in the third quarter valued at $219,000. LMR Partners LLP bought a new position in shares of Calavo Growers in the third quarter valued at $253,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Calavo Growers in the fourth quarter valued at $247,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Calavo Growers Stock Performance

NASDAQ CVGW opened at $24.14 on Monday. Calavo Growers, Inc. has a 52-week low of $20.30 and a 52-week high of $31.26. The company has a 50-day simple moving average of $24.17 and a 200 day simple moving average of $25.79. 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 company has a market capitalization of $430.66 million, a PE ratio of -402.33 and a beta of 0.57.

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

Calavo Growers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.80 annualized dividend and a yield of 3.31%. Calavo Growers’s payout ratio is presently -1,333.33%.

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.