Nebula Research & Development LLC Decreases Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Nebula Research & Development LLC lowered its position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 68.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,036 shares of the company's stock after selling 19,698 shares during the period. Nebula Research & Development LLC owned approximately 0.05% of Calavo Growers worth $230,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CVGW. R Squared Ltd purchased a new stake in shares of Calavo Growers during the fourth quarter worth about $26,000. Van ECK Associates Corp grew its position in Calavo Growers by 69.1% during the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company's stock worth $65,000 after purchasing an additional 1,039 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Calavo Growers during the 4th quarter valued at approximately $76,000. Tower Research Capital LLC TRC increased its stake in Calavo Growers by 139.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company's stock valued at $138,000 after purchasing an additional 3,141 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Calavo Growers in the fourth quarter worth $247,000. Institutional investors own 81.30% of the company's stock.

Calavo Growers Stock Performance

CVGW traded down $0.52 during trading on Wednesday, reaching $26.07. 39,008 shares of the company's stock were exchanged, compared to its average volume of 215,364. 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, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. The company's fifty day simple moving average is $24.43 and its 200-day simple moving average is $25.10. The stock has a market capitalization of $464.92 million, a P/E ratio of -434.58 and a beta of 0.42.

Calavo Growers Dividend Announcement

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. This represents a $0.80 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers's payout ratio is 148.15%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Lake Street Capital cut their target price on 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 Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Insiders Place Their Bets

In other news, CFO James E. Snyder acquired 3,213 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was acquired at an average price of $23.33 per share, for a total transaction of $74,959.29. Following the completion of the transaction, the chief financial officer now owns 5,157 shares in the company, valued at approximately $120,312.81. The trade was a 165.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lecil E. Cole bought 21,070 shares of the company's stock in a transaction dated Friday, April 11th. The shares were acquired at an average price of $23.73 per share, for a total transaction of $499,991.10. Following the completion of the transaction, the chief executive officer now directly owns 536,070 shares in the company, valued at approximately $12,720,941.10. This trade represents a 4.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have 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.