Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 22.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 319,091 shares of the company's stock after selling 93,015 shares during the quarter. Millennium Management LLC owned about 1.79% of Calavo Growers worth $8,137,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CVGW. Nuance Investments LLC boosted its stake in shares of Calavo Growers by 1.6% in the 4th quarter. Nuance Investments LLC now owns 1,663,515 shares of the company's stock worth $42,420,000 after buying an additional 26,546 shares during the last quarter. Vanguard Group Inc. boosted its stake in Calavo Growers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 1,148,505 shares of the company's stock worth $29,287,000 after purchasing an additional 22,777 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Calavo Growers by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 698,701 shares of the company's stock valued at $17,817,000 after purchasing an additional 34,263 shares during the last quarter. American Century Companies Inc. boosted its stake in Calavo Growers by 26.8% during the fourth quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock valued at $11,368,000 after buying an additional 94,221 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Calavo Growers by 6.9% in the fourth quarter. Russell Investments Group Ltd. now owns 335,914 shares of the company's stock worth $8,566,000 after purchasing an additional 21,584 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Calavo Growers

In other Calavo Growers news, CEO Lecil E. Cole purchased 38,155 shares of the business's stock in a transaction 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 purchase, the chief executive officer now directly owns 574,225 shares in the company, valued at approximately $14,125,935. This represents a 7.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael A. Browne bought 6,000 shares of Calavo Growers stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $23.69 per share, with a total value of $142,140.00. Following the purchase, the executive vice president now directly owns 7,500 shares in the company, valued at approximately $177,675. This trade represents a 400.00% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 73,438 shares of company stock valued at $1,771,303 over the last 90 days. 7.20% of the stock is owned by insiders.

Calavo Growers Stock Performance

Shares of NASDAQ CVGW traded up $0.09 during midday trading on Friday, reaching $27.00. The company had a trading volume of 55,656 shares, compared to its average volume of 206,358. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. The business's 50-day simple moving average is $25.49 and its 200 day simple moving average is $24.97. 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 cap of $481.58 million, a P/E ratio of -449.83 and a beta of 0.42.

Calavo Growers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers's payout ratio is 148.15%.

Calavo Growers Company 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.