Dimensional Fund Advisors LP Purchases 34,263 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Dimensional Fund Advisors LP boosted its position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698,701 shares of the company's stock after buying an additional 34,263 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.92% of Calavo Growers worth $17,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CVGW. Barclays PLC grew its holdings in shares of Calavo Growers by 338.3% during the 3rd quarter. Barclays PLC now owns 26,625 shares of the company's stock valued at $759,000 after purchasing an additional 20,551 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $3,533,000 after buying an additional 85,272 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Calavo Growers in the fourth quarter worth about $1,371,000. Jackson Square Capital LLC boosted its holdings in Calavo Growers by 13.2% during the 4th quarter. Jackson Square Capital LLC now owns 29,792 shares of the company's stock valued at $760,000 after acquiring an additional 3,478 shares during the period. Finally, Inspire Investing LLC grew its position in 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 last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CVGW. Lake Street Capital dropped their price objective on Calavo Growers from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of Calavo Growers from a "hold" rating to a "buy" rating in a research report on Wednesday.

Calavo Growers Trading Down 2.3 %

Shares of CVGW stock traded down $0.59 during trading hours on Friday, reaching $25.53. The company's stock had a trading volume of 181,452 shares, compared to its average volume of 217,658. 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 stock has a market capitalization of $455.38 million, a P/E ratio of -425.50 and a beta of 0.42. The firm's fifty day simple moving average is $24.62 and its 200 day simple moving average is $25.08. 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. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers's payout ratio is 148.15%.

Insider Buying and Selling at Calavo Growers

In other news, CEO Lecil E. Cole purchased 38,155 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of $24.60 per share, for a total transaction of $938,613.00. Following the completion of the transaction, the chief executive officer now directly owns 574,225 shares of the company's stock, valued at $14,125,935. This trade represents a 7.12 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James E. Snyder acquired 3,213 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was purchased at an average price of $23.33 per share, with a total value of $74,959.29. Following the acquisition, the chief financial officer now owns 5,157 shares of the company's stock, valued at $120,312.81. This represents a 165.28 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 73,438 shares of company stock valued at $1,771,303. 7.20% of the stock is currently owned by corporate insiders.

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.