Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. cut its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,605 shares of the company’s stock after selling 515 shares during the period. TCI Wealth Advisors Inc.’s holdings in Calavo Growers were worth $270,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nuance Investments LLC increased its holdings in shares of Calavo Growers by 25.1% in the 3rd quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock valued at $46,703,000 after acquiring an additional 328,820 shares during the last quarter. Jane Street Group LLC increased its stake in Calavo Growers by 215.5% in the third quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock valued at $7,493,000 after purchasing an additional 179,395 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Calavo Growers by 221.1% during the third quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock worth $3,533,000 after purchasing an additional 85,272 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Calavo Growers during the 4th quarter worth approximately $1,371,000. Finally, Weiss Asset Management LP acquired a new position in shares of Calavo Growers in the 3rd quarter valued at $1,378,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers Trading Down 1.9 %

NASDAQ:CVGW opened at $22.89 on Friday. The company has a market capitalization of $408.36 million, a PE ratio of -381.50 and a beta of 0.59. Calavo Growers, Inc. has a 52-week low of $20.30 and a 52-week high of $31.26. The stock’s 50 day moving average price is $25.31 and its 200 day moving average price is $25.79. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02.

Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The business had revenue of $169.96 million during the quarter, compared to analyst estimates of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.33) earnings per share. On average, research analysts anticipate that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, January 10th. This represents a $0.80 annualized dividend and a dividend yield of 3.49%. Calavo Growers’s dividend payout ratio (DPR) is -1,333.33%.

Analyst Ratings Changes

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

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.