11,119 Shares in Calavo Growers, Inc. $CVGW Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has acquired a new stake in Calavo Growers, purchasing 11,119 shares worth approximately $267,000, increasing its ownership to 0.06% of the company.
• Calavo Growers reported a Q1 EPS of $0.40, missing consensus estimates, along with a revenue of $190.55 million, which is below analyst expectations.
• The company recently declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 2.9% despite a high payout ratio of 137.93%.

PDT Partners LLC purchased a new stake in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,119 shares of the company's stock, valued at approximately $267,000. PDT Partners LLC owned 0.06% of Calavo Growers as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in shares of Calavo Growers in the first quarter valued at approximately $36,000. CWM LLC grew its position in Calavo Growers by 5,960.5% in the 1st quarter. CWM LLC now owns 2,303 shares of the company's stock valued at $55,000 after buying an additional 2,265 shares during the last quarter. State of Wyoming acquired a new position in Calavo Growers in the 4th quarter valued at $99,000. Public Employees Retirement System of Ohio increased its stake in Calavo Growers by 626.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,118 shares of the company's stock valued at $182,000 after buying an additional 6,138 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in Calavo Growers during the 4th quarter worth $219,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Calavo Growers Price Performance

Calavo Growers stock opened at $27.18 on Friday. The company has a market cap of $484.89 million, a P/E ratio of 46.86 and a beta of 0.39. Calavo Growers, Inc. has a one year low of $21.46 and a one year high of $30.02. The business has a fifty day moving average of $27.02 and a two-hundred day moving average of $25.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.00.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last announced its quarterly earnings data on Monday, June 9th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Calavo Growers had a net margin of 1.50% and a return on equity of 11.79%. The company had revenue of $190.55 million during the quarter, compared to analyst estimates of $192.75 million. During the same quarter last year, the business earned $0.50 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts predict that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. Calavo Growers's payout ratio is 137.93%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Calavo Growers from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Calavo Growers has an average rating of "Buy" and a consensus price target of $35.00.

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.

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