Integrated Quantitative Investments LLC Takes Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Integrated Quantitative Investments LLC acquired a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,200 shares of the company’s stock, valued at approximately $286,000. Integrated Quantitative Investments LLC owned 0.06% of Calavo Growers as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CVGW. ExodusPoint Capital Management LP boosted its position in shares of Calavo Growers by 65.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 34,162 shares of the company’s stock valued at $871,000 after acquiring an additional 13,531 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Calavo Growers by 104.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company’s stock valued at $3,849,000 after purchasing an additional 77,220 shares during the last quarter. Norges Bank purchased a new position in Calavo Growers in the 4th quarter worth approximately $1,275,000. Nuance Investments LLC increased its holdings in shares of Calavo Growers by 1.6% in the 4th quarter. Nuance Investments LLC now owns 1,663,515 shares of the company’s stock worth $42,420,000 after buying an additional 26,546 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Calavo Growers during the 4th quarter valued at $422,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CVGW shares. StockNews.com upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating in a research report on Monday, March 31st. Lake Street Capital reduced their price objective on 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 Trading Down 1.2 %

Shares of CVGW opened at $23.58 on Friday. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $30.58. The firm has a market cap of $420.60 million, a price-to-earnings ratio of -393.00 and a beta of 0.41. The firm has a 50 day moving average price of $23.35 and a 200-day moving average price of $25.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share 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 during the quarter, compared to the consensus estimate of $161.99 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 annualized dividend and a yield of 3.39%. Calavo Growers’s payout ratio is 148.15%.

Insiders Place Their Bets

In other news, EVP Michael A. Browne bought 6,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the acquisition, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. This trade represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 7.20% of the company’s stock.

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.