Deprince Race & Zollo Inc. Sells 16,312 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Deprince Race & Zollo Inc. lessened its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 580,196 shares of the company's stock after selling 16,312 shares during the quarter. Deprince Race & Zollo Inc. owned about 3.25% of Calavo Growers worth $14,795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVGW. Price T Rowe Associates Inc. MD boosted its position in Calavo Growers by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,346 shares of the company's stock valued at $366,000 after purchasing an additional 991 shares during the last quarter. R Squared Ltd bought a new position in Calavo Growers during the fourth quarter valued at about $26,000. Van ECK Associates Corp raised its stake in shares of Calavo Growers by 69.1% in the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company's stock valued at $65,000 after purchasing an additional 1,039 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Calavo Growers by 9.2% during the 4th quarter. Inspire Investing LLC now owns 15,713 shares of the company's stock worth $401,000 after acquiring an additional 1,321 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Calavo Growers by 19.7% during the fourth quarter. Wells Fargo & Company MN now owns 11,942 shares of the company's stock worth $305,000 after purchasing an additional 1,969 shares during the period. 81.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Calavo Growers news, CEO Lecil E. Cole bought 38,155 shares of Calavo Growers stock in a transaction on Monday, April 14th. The shares were purchased at an average cost of $24.60 per share, with a total value of $938,613.00. Following the acquisition, the chief executive officer now directly owns 574,225 shares of the company's stock, valued at $14,125,935. The trade was a 7.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael A. Browne bought 6,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $23.69 per share, with a total value of $142,140.00. Following the completion of the transaction, the executive vice president now owns 7,500 shares in the company, 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. Insiders purchased a total of 73,438 shares of company stock worth $1,771,303 in the last three months. 7.20% of the stock is owned by corporate insiders.

Calavo Growers Price Performance

NASDAQ:CVGW traded down $0.35 during trading hours on Wednesday, reaching $25.68. 138,573 shares of the company were exchanged, compared to its average volume of 217,980. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.58. The business has a 50 day moving average of $24.77 and a 200 day moving average of $25.07. 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 company has a market capitalization of $458.05 million, a P/E ratio of -428.00 and a beta of 0.42.

Calavo Growers Announces Dividend

The business also recently declared 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 3.12%. The ex-dividend date was Tuesday, April 1st. Calavo Growers's dividend payout ratio (DPR) is presently 148.15%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CVGW. Lake Street Capital decreased their price objective on shares of Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. StockNews.com upgraded Calavo Growers from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th.

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.