Jump Financial LLC Decreases Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Jump Financial LLC lessened its holdings in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 48.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,060 shares of the company's stock after selling 17,844 shares during the quarter. Jump Financial LLC owned 0.11% of Calavo Growers worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Nuance Investments LLC boosted its position in Calavo Growers by 1.6% during the fourth quarter. Nuance Investments LLC now owns 1,663,515 shares of the company's stock worth $42,420,000 after purchasing an additional 26,546 shares during the period. Vanguard Group Inc. boosted its holdings 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 buying an additional 22,777 shares during the period. American Century Companies Inc. grew its stake in Calavo Growers by 26.8% in the 4th 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 in the last quarter. Russell Investments Group Ltd. raised its holdings in Calavo Growers by 6.9% during the 4th quarter. Russell Investments Group Ltd. now owns 335,914 shares of the company's stock valued at $8,566,000 after acquiring an additional 21,584 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Calavo Growers by 26.4% during the 4th quarter. Bank of New York Mellon Corp now owns 152,141 shares of the company's stock valued at $3,880,000 after acquiring an additional 31,743 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers Price Performance

Calavo Growers stock traded up $0.74 during midday trading on Wednesday, reaching $27.62. 469,315 shares of the stock were exchanged, compared to its average volume of 215,279. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $30.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The firm has a market cap of $492.66 million, a PE ratio of -460.33 and a beta of 0.41. The company's fifty day moving average is $24.13 and its 200-day moving average is $25.17.

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 $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. Calavo Growers's dividend payout ratio (DPR) is presently 148.15%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVGW. Lake Street Capital reduced their price target on Calavo Growers from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. StockNews.com lowered Calavo Growers from a "buy" rating to a "hold" rating in a report on Thursday, April 17th.

Insider Activity at Calavo Growers

In other news, EVP Michael A. Browne acquired 6,000 shares of Calavo Growers stock in a transaction dated Wednesday, April 2nd. The shares were 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 $177,675. This trade represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lecil E. Cole bought 38,155 shares of the stock in a transaction dated Monday, April 14th. The stock was bought at an average cost of $24.60 per share, with a total value of $938,613.00. Following the purchase, the chief executive officer now owns 574,225 shares in the company, valued at $14,125,935. The trade was a 7.12 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 73,438 shares of company stock valued at $1,771,303. Company insiders own 7.20% of the company's stock.

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.