Integrity Wealth Advisors Inc. Purchases Shares of 14,711 Calavo Growers, Inc. (NASDAQ:CVGW)

Integrity Wealth Advisors Inc. purchased a new position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,711 shares of the company's stock, valued at approximately $375,000. Integrity Wealth Advisors Inc. owned approximately 0.08% of Calavo Growers as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Calavo Growers during the fourth quarter valued at $26,000. Van ECK Associates Corp boosted its stake in Calavo Growers by 69.1% in the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company's stock valued at $65,000 after acquiring an additional 1,039 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Calavo Growers in the fourth quarter valued at about $76,000. Janus Henderson Group PLC purchased a new stake in Calavo Growers during the 3rd quarter worth approximately $219,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Calavo Growers in the fourth quarter worth about $247,000. Institutional investors own 81.30% of the company's stock.

Calavo Growers Price Performance

NASDAQ CVGW traded up $1.51 during trading hours on Friday, reaching $26.17. The company's stock had a trading volume of 455,049 shares, compared to its average volume of 210,758. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.58. The company's 50-day moving average is $23.59 and its two-hundred day moving average is $25.19. The firm has a market capitalization of $466.79 million, a price-to-earnings ratio of -436.17 and a beta of 0.41.

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.06%. The ex-dividend date is Tuesday, April 1st. Calavo Growers's payout ratio is presently 148.15%.

Analysts Set New Price Targets

CVGW has been the topic of several analyst reports. Lake Street Capital cut their price target on Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. StockNews.com lowered shares of Calavo Growers from a "buy" rating to a "hold" rating in a research report on Thursday.

Insiders Place Their Bets

In related news, CFO James E. Snyder bought 3,213 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was purchased at an average price of $23.33 per share, with a total value of $74,959.29. Following the completion of the transaction, the chief financial officer now directly owns 5,157 shares of the company's stock, valued at $120,312.81. This trade represents a 165.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael A. Browne purchased 6,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the transaction, the executive vice president now owns 7,500 shares of the company's stock, valued at approximately $177,675. This trade represents a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 73,438 shares of company stock worth $1,771,303. Company insiders own 7.20% of the company's stock.

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.