Algert Global LLC Makes New $1.32 Million Investment in Calavo Growers, Inc. (NASDAQ:CVGW)

Algert Global LLC bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,634 shares of the company's stock, valued at approximately $1,317,000. Algert Global LLC owned about 0.29% of Calavo Growers as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CVGW. Assenagon Asset Management S.A. bought a new stake in shares of Calavo Growers during the 4th quarter valued at $1,371,000. JPMorgan Chase & Co. boosted its stake in shares of Calavo Growers by 221.1% during the third quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company's stock valued at $3,533,000 after purchasing an additional 85,272 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Calavo Growers during the fourth quarter valued at approximately $310,000. Raymond James Financial Inc. purchased a new position in shares of Calavo Growers in the fourth quarter worth $709,000. Finally, Martingale Asset Management L P acquired a new stake in Calavo Growers during the fourth quarter valued at $390,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Michael A. Browne acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average price of $23.12 per share, with a total value of $115,600.00. Following the purchase, the executive vice president now owns 6,400 shares of the company's stock, valued at approximately $147,968. This trade represents a 357.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO James E. Snyder acquired 3,213 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of $23.33 per share, with a total value of $74,959.29. Following the purchase, the chief financial officer now directly owns 5,157 shares in the company, valued at approximately $120,312.81. This trade represents a 165.28% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 73,438 shares of company stock valued at $1,771,303. Company insiders own 7.20% of the company's stock.

Calavo Growers Price Performance

CVGW traded down $0.03 during midday trading on Tuesday, reaching $26.03. 225,952 shares of the company's stock were exchanged, compared to its average volume of 218,278. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70. The stock has a market capitalization of $464.30 million, a PE ratio of -433.83 and a beta of 0.42. The business's 50-day moving average price is $24.71 and its 200 day moving average price is $25.06. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.58.

Calavo Growers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 annualized dividend and a yield of 3.07%. Calavo Growers's dividend payout ratio (DPR) is presently 148.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Calavo Growers from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Lake Street Capital lowered their price objective 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.

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.