Jane Street Group LLC Sells 228,659 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Jane Street Group LLC cut its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 87.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,967 shares of the company's stock after selling 228,659 shares during the quarter. Jane Street Group LLC owned 0.19% of Calavo Growers worth $866,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Calavo Growers in the 4th quarter worth approximately $26,000. Van ECK Associates Corp lifted its position in shares of 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 buying an additional 1,039 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Calavo Growers during the 4th quarter worth approximately $76,000. Aquatic Capital Management LLC bought a new position in shares of Calavo Growers during the 4th quarter worth approximately $86,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Calavo Growers by 139.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company's stock worth $138,000 after buying an additional 3,141 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

Calavo Growers Price Performance

Calavo Growers stock traded up $0.33 on Thursday, reaching $26.91. The company's stock had a trading volume of 134,555 shares, compared to its average volume of 219,614. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The company has a market cap of $479.99 million, a price-to-earnings ratio of -448.50 and a beta of 0.42. The business's fifty day moving average price is $25.49 and its 200 day moving average price is $24.97. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $30.58.

Calavo Growers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.97%. Calavo Growers's payout ratio is currently 148.15%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

Insider Transactions at Calavo Growers

In other news, EVP Michael A. Browne acquired 6,000 shares of Calavo Growers stock in a transaction dated Wednesday, April 2nd. The stock was 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 directly owns 7,500 shares of the company's stock, valued at approximately $177,675. This represents a 400.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lecil E. Cole acquired 38,155 shares of Calavo Growers stock in a transaction dated 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 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 ownership of the stock. 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 owned by 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.