Algert Global LLC Raises Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Algert Global LLC boosted its stake in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 486.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,312 shares of the company's stock after purchasing an additional 64,952 shares during the period. Algert Global LLC owned about 0.11% of Mission Produce worth $1,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVO. American Century Companies Inc. increased its holdings in Mission Produce by 328.2% during the fourth quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock valued at $6,971,000 after buying an additional 371,813 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Mission Produce by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company's stock valued at $25,691,000 after acquiring an additional 257,344 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Mission Produce during the fourth quarter valued at $2,147,000. Trexquant Investment LP grew its stake in Mission Produce by 255.2% during the fourth quarter. Trexquant Investment LP now owns 201,975 shares of the company's stock valued at $2,902,000 after acquiring an additional 145,111 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Mission Produce by 161.9% during the fourth quarter. JPMorgan Chase & Co. now owns 135,824 shares of the company's stock valued at $1,952,000 after acquiring an additional 83,961 shares in the last quarter. Institutional investors own 63.57% of the company's stock.

Mission Produce Price Performance

AVO traded up $0.03 during trading on Friday, hitting $10.78. 33,219 shares of the company traded hands, compared to its average volume of 289,288. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $11.86. The company has a market cap of $765.80 million, a PE ratio of 21.14 and a beta of 0.54.

Insider Buying and Selling at Mission Produce

In other news, insider Juan R. Wiesner sold 75,153 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the sale, the insider now owns 1,000,000 shares in the company, valued at approximately $10,080,000. This trade represents a 6.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 35.41% of the stock is owned by company insiders.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.