Arrowstreet Capital Limited Partnership Boosts Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 104.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 150,960 shares of the company's stock after acquiring an additional 77,220 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.85% of Calavo Growers worth $3,849,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CVGW. Jane Street Group LLC increased its stake in shares of 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 buying an additional 179,395 shares during the period. American Century Companies Inc. boosted its position in Calavo Growers by 26.8% during the fourth quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock valued at $11,368,000 after acquiring an additional 94,221 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Calavo Growers by 221.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company's stock worth $3,533,000 after acquiring an additional 85,272 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Calavo Growers in the 4th quarter worth about $1,371,000. Finally, Norges Bank acquired a new position in shares of Calavo Growers in the 4th quarter valued at about $1,275,000. Institutional investors own 81.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Calavo Growers from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Lake Street Capital cut 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.

Calavo Growers Stock Up 0.9 %

Shares of NASDAQ:CVGW traded up $0.21 during trading on Monday, reaching $24.18. 7,886 shares of the stock were exchanged, compared to its average volume of 196,189. The stock has a fifty day moving average of $23.33 and a two-hundred day moving average of $25.29. 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. The firm has a market cap of $431.21 million, a price-to-earnings ratio of -402.92 and a beta of 0.41.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. During the same period last year, the business posted ($0.33) earnings per share. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Research analysts anticipate that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Announces Dividend

The business also recently announced 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 dividend yield of 3.31%. Calavo Growers's payout ratio is 148.15%.

Insider Buying and Selling

In other news, CFO James E. Snyder bought 3,213 shares of Calavo Growers stock in a transaction dated Thursday, April 10th. The stock was purchased at an average price of $23.33 per share, for a total transaction of $74,959.29. Following the purchase, the chief financial officer now directly owns 5,157 shares in the company, valued at $120,312.81. The trade was a 165.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael A. Browne bought 6,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $23.69 per share, with a total value of $142,140.00. Following the acquisition, the executive vice president now owns 7,500 shares of the company's stock, valued at $177,675. The trade was a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 14,213 shares of company stock worth $332,699. 7.20% of the stock is owned by corporate insiders.

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.