EntryPoint Capital LLC Trims Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

EntryPoint Capital LLC trimmed its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,827 shares of the company’s stock after selling 7,978 shares during the period. EntryPoint Capital LLC owned approximately 0.07% of Calavo Growers worth $302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Calavo Growers by 215.5% during the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock worth $7,493,000 after acquiring an additional 179,395 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Calavo Growers by 26.8% in the 4th quarter. American Century Companies Inc. now owns 445,817 shares of the company’s stock valued at $11,368,000 after purchasing an additional 94,221 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock valued at $3,533,000 after buying an additional 85,272 shares during the period. Assenagon Asset Management S.A. purchased a new position in Calavo Growers during the fourth quarter worth about $1,371,000. Finally, Weiss Asset Management LP acquired a new position in Calavo Growers during the 3rd quarter worth approximately $1,378,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Calavo Growers Stock Performance

CVGW opened at $24.50 on Friday. The stock’s 50 day simple moving average is $23.40 and its 200 day simple moving average is $25.74. The stock has a market cap of $437.01 million, a P/E ratio of -408.33 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 company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70.

Calavo Growers (NASDAQ:CVGW) last posted its 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). The firm 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 firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company posted ($0.33) EPS. As a group, equities analysts anticipate that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Tuesday, April 1st. Calavo Growers’s dividend payout ratio (DPR) is presently 148.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CVGW shares. StockNews.com lowered Calavo Growers from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Lake Street Capital lowered 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 note on Wednesday, January 15th.

Calavo Growers Company 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.