Point72 Asia Singapore Pte. Ltd. Has $300,000 Stock Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Point72 Asia Singapore Pte. Ltd. lessened its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,758 shares of the company's stock after selling 13,030 shares during the period. Point72 Asia Singapore Pte. Ltd. owned 0.07% of Calavo Growers worth $300,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in Calavo Growers during the 4th quarter valued at about $1,371,000. JPMorgan Chase & Co. boosted its position 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 worth $3,533,000 after buying an additional 85,272 shares during the period. Magnetar Financial LLC bought a new position in Calavo Growers in the 4th quarter worth approximately $310,000. Raymond James Financial Inc. bought a new position in Calavo Growers in the 4th quarter worth approximately $709,000. Finally, Martingale Asset Management L P acquired a new stake in Calavo Growers in the 4th quarter valued at approximately $390,000. 81.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

Calavo Growers Price Performance

Calavo Growers stock traded down $0.37 during trading hours on Wednesday, hitting $26.51. 32,473 shares of the company traded hands, compared to its average volume of 218,984. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.58. The firm has a market cap of $472.86 million, a P/E ratio of -441.83 and a beta of 0.42. The firm's 50-day simple moving average is $25.17 and its two-hundred day simple moving average is $25.05. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02.

Calavo Growers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers's dividend payout ratio is presently 148.15%.

Insider Activity

In related news, EVP Michael A. Browne purchased 5,000 shares of the company's stock in a transaction on Thursday, April 10th. The shares were bought at an average price of $23.12 per share, with a total value of $115,600.00. Following the completion of the acquisition, the executive vice president now owns 6,400 shares of the company's stock, valued at approximately $147,968. This represents a 357.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO James E. Snyder acquired 3,213 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were bought at an average price of $23.33 per share, with a total value of $74,959.29. Following the transaction, the chief financial officer now directly owns 5,157 shares in the company, valued at approximately $120,312.81. The trade was a 165.28% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 73,438 shares of company stock worth $1,771,303 over the last 90 days. 7.20% of the stock is currently owned by company 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.