Calavo Growers, Inc. (NASDAQ:CVGW) Stock Position Raised by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,393 shares of the company's stock after buying an additional 10,656 shares during the quarter. Northern Trust Corp owned about 0.93% of Calavo Growers worth $4,243,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Calavo Growers in the 4th quarter worth approximately $26,000. Van ECK Associates Corp boosted its stake 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 acquiring an additional 1,039 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Calavo Growers in the 4th quarter worth $76,000. Aquatic Capital Management LLC acquired a new stake in shares of Calavo Growers during the fourth quarter worth $86,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Calavo Growers by 139.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company's stock valued at $138,000 after purchasing an additional 3,141 shares during the period. Institutional investors and hedge funds own 81.30% of the company's stock.

Calavo Growers Stock Up 0.2%

Shares of CVGW traded up $0.06 during mid-day trading on Wednesday, reaching $26.58. The company's stock had a trading volume of 122,408 shares, compared to its average volume of 219,475. The company has a market cap of $474.11 million, a price-to-earnings ratio of -443.00 and a beta of 0.42. The business has a fifty day moving average of $25.42 and a 200 day moving average of $24.98. 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, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58.

Calavo Growers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders 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 yield of 3.01%. Calavo Growers's payout ratio is presently 148.15%.

Insider Buying and Selling at Calavo Growers

In related news, CEO Lecil E. Cole acquired 38,155 shares of the stock in a transaction that occurred on 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 owns 574,225 shares of the company's stock, valued at approximately $14,125,935. This trade represents a 7.12% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James E. Snyder acquired 3,213 shares of the company's stock in a transaction on Thursday, April 10th. The stock was bought at an average price of $23.33 per share, for a total transaction of $74,959.29. Following the purchase, the chief financial officer now owns 5,157 shares in the company, valued at approximately $120,312.81. This trade represents a 165.28% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 73,438 shares of company stock valued at $1,771,303 in the last 90 days. 7.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.