Cubist Systematic Strategies LLC Buys 12,804 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Cubist Systematic Strategies LLC lifted its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,801 shares of the company's stock after buying an additional 12,804 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.78% of Calavo Growers worth $3,565,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CVGW. Barclays PLC boosted its holdings in shares of Calavo Growers by 338.3% in the third quarter. Barclays PLC now owns 26,625 shares of the company's stock valued at $759,000 after buying an additional 20,551 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Calavo Growers by 221.1% in the third 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. acquired a new position in shares of Calavo Growers in the fourth quarter valued at approximately $1,371,000. Jackson Square Capital LLC lifted its position in shares of Calavo Growers by 13.2% in the fourth quarter. Jackson Square Capital LLC now owns 29,792 shares of the company's stock worth $760,000 after purchasing an additional 3,478 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Calavo Growers by 9.2% in the fourth quarter. Inspire Investing LLC now owns 15,713 shares of the company's stock worth $401,000 after purchasing an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CVGW shares. 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. StockNews.com downgraded shares of Calavo Growers from a "buy" rating to a "hold" rating in a research report on Thursday.

Calavo Growers Stock Performance

Shares of CVGW traded up $0.29 during midday trading on Thursday, reaching $25.91. The stock had a trading volume of 54,647 shares, compared to its average volume of 218,367. The firm has a market cap of $462.07 million, a PE ratio of -432.75 and a beta of 0.42. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $24.81 and a 200-day simple moving average of $25.07. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $30.58.

Calavo Growers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers's payout ratio is 148.15%.

Insider Buying and Selling

In other Calavo Growers news, EVP Michael A. Browne acquired 6,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the purchase, the executive vice president now directly owns 7,500 shares of the company's stock, valued at $177,675. This trade represents a 400.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James E. Snyder acquired 3,213 shares of the company's stock in a transaction on Thursday, April 10th. The stock was acquired at an average price 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 represents a 165.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 73,438 shares of company stock valued at $1,771,303. Company insiders own 7.20% of the company's stock.

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.