Sherbrooke Park Advisers LLC Decreases Stake in Calavo Growers, Inc. (NASDAQ:CVGW)

Sherbrooke Park Advisers LLC cut its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 82.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,222 shares of the company's stock after selling 43,025 shares during the quarter. Sherbrooke Park Advisers LLC owned about 0.05% of Calavo Growers worth $235,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in Calavo Growers during the 4th quarter worth about $1,371,000. Inspire Investing LLC raised 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 buying an additional 1,321 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Calavo Growers during the 4th quarter valued at approximately $247,000. R Squared Ltd purchased a new stake in shares of Calavo Growers in the 4th quarter valued at $26,000. Finally, Canvas Wealth Advisors LLC boosted its holdings in shares of Calavo Growers by 35.1% in the 4th quarter. Canvas Wealth Advisors LLC now owns 14,681 shares of the company's stock valued at $374,000 after acquiring an additional 3,811 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Calavo Growers

In other news, CFO James E. Snyder acquired 3,213 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was acquired at an average price of $23.33 per share, for a total transaction of $74,959.29. Following the completion of the transaction, the chief financial officer now owns 5,157 shares in the company, valued at approximately $120,312.81. The trade was a 165.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lecil E. Cole bought 38,155 shares of the company's stock in a transaction dated Monday, April 14th. The shares were acquired at an average price 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 in the company, valued at approximately $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 have bought 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 company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Calavo Growers from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Calavo Growers Stock Performance

Shares of CVGW stock opened at $26.81 on Tuesday. Calavo Growers, Inc. has a 52-week low of $20.30 and a 52-week high of $30.58. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The stock has a market cap of $478.21 million, a PE ratio of -446.83 and a beta of 0.42. The business has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $25.04.

Calavo Growers Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.98%. Calavo Growers's payout ratio is 148.15%.

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.

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