Nuance Investments LLC Lowers Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Nuance Investments LLC cut its position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,262 shares of the company's stock after selling 49,583 shares during the quarter. Calavo Growers comprises 1.0% of Nuance Investments LLC's investment portfolio, making the stock its 29th biggest position. Nuance Investments LLC owned about 8.50% of Calavo Growers worth $44,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Calavo Growers by 134.8% in the 4th quarter. Russell Investments Group Ltd. now owns 280,584 shares of the company's stock worth $8,252,000 after purchasing an additional 161,100 shares in the last quarter. First Dallas Securities Inc. bought a new position in shares of Calavo Growers in the 3rd quarter worth $555,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Calavo Growers by 693.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 61,611 shares of the company's stock worth $1,554,000 after buying an additional 53,844 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Calavo Growers by 18.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 197,202 shares of the company's stock worth $4,975,000 after buying an additional 31,272 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Calavo Growers in the 4th quarter worth $5,190,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens reissued an "equal weight" rating and issued a $32.00 price target on shares of Calavo Growers in a report on Wednesday, January 17th.

Calavo Growers Trading Up 0.6 %

Shares of CVGW stock traded up $0.17 on Friday, hitting $28.68. 97,328 shares of the company's stock traded hands, compared to its average volume of 163,047. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.70 and a current ratio of 2.03. Calavo Growers, Inc. has a one year low of $21.42 and a one year high of $38.97. The company's fifty day simple moving average is $27.55 and its 200 day simple moving average is $27.12. The stock has a market capitalization of $510.50 million, a price-to-earnings ratio of -43.45 and a beta of 0.63.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last released its earnings results on Monday, March 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.18). Calavo Growers had a negative net margin of 1.32% and a positive return on equity of 0.49%. The business had revenue of $127.60 million for the quarter, compared to the consensus estimate of $254.25 million. During the same period in the prior year, the business posted ($0.08) EPS. Calavo Growers's revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts forecast that Calavo Growers, Inc. will post 1.04 EPS for the current year.

Calavo Growers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, March 28th. Calavo Growers's dividend payout ratio (DPR) is presently -60.61%.

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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