Graham Capital Management L.P. Purchases Shares of 15,261 Calavo Growers, Inc. (NASDAQ:CVGW)

Graham Capital Management L.P. acquired a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,261 shares of the company's stock, valued at approximately $389,000. Graham Capital Management L.P. owned about 0.09% of Calavo Growers at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Deutsche Bank AG increased its holdings in shares of Calavo Growers by 37.3% in the 4th quarter. Deutsche Bank AG now owns 18,412 shares of the company's stock valued at $470,000 after acquiring an additional 4,999 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Calavo Growers by 46.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 180,268 shares of the company's stock worth $4,597,000 after buying an additional 57,575 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Calavo Growers by 10.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 139,801 shares of the company's stock valued at $3,565,000 after buying an additional 12,804 shares during the period. Capital Advantage Inc. grew its position in shares of Calavo Growers by 31.7% during the 4th quarter. Capital Advantage Inc. now owns 20,471 shares of the company's stock valued at $522,000 after buying an additional 4,929 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Calavo Growers during the 4th quarter valued at about $376,000. Institutional investors own 81.30% of the company's stock.

Calavo Growers Stock Performance

CVGW stock traded down $0.35 during mid-day trading on Thursday, reaching $25.97. The company had a trading volume of 10,914 shares, compared to its average volume of 218,724. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $30.58. The stock has a market capitalization of $463.14 million, a P/E ratio of -433.00 and a beta of 0.42. 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's 50-day simple moving average is $25.23 and its two-hundred day simple moving average is $25.06.

Calavo Growers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, April 1st. Calavo Growers's dividend payout ratio (DPR) is 148.15%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Calavo Growers

In other Calavo Growers news, CFO James E. Snyder purchased 3,213 shares of Calavo Growers 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 transaction, the chief financial officer now owns 5,157 shares of the company's stock, valued at $120,312.81. The trade was a 165.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael A. Browne purchased 6,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the acquisition, the executive vice president now directly owns 7,500 shares of the company's stock, valued at approximately $177,675. This trade represents a 400.00% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 73,438 shares of company stock worth $1,771,303. 7.20% of the stock is owned by company insiders.

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.