Raymond James Financial Inc. Purchases Shares of 55,897 Mission Produce, Inc. (NASDAQ:AVO)

Raymond James Financial Inc. purchased a new position in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 55,897 shares of the company's stock, valued at approximately $803,000. Raymond James Financial Inc. owned approximately 0.08% of Mission Produce at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. raised its position in Mission Produce by 1.2% in the fourth quarter. Invesco Ltd. now owns 96,888 shares of the company's stock valued at $1,392,000 after purchasing an additional 1,123 shares during the last quarter. R Squared Ltd acquired a new position in shares of Mission Produce in the fourth quarter valued at approximately $34,000. New York State Teachers Retirement System bought a new position in Mission Produce in the 4th quarter valued at approximately $57,000. New York State Common Retirement Fund raised its holdings in Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock valued at $137,000 after buying an additional 4,000 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in Mission Produce by 30.2% during the 4th quarter. EntryPoint Capital LLC now owns 19,274 shares of the company's stock worth $277,000 after buying an additional 4,472 shares during the period. 63.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Juan R. Wiesner sold 21,892 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total value of $220,014.60. Following the sale, the insider now directly owns 21,412 shares in the company, valued at $215,190.60. This represents a 50.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 35.41% of the stock is currently owned by insiders.

Mission Produce Trading Up 0.2 %

NASDAQ AVO traded up $0.02 on Friday, hitting $10.38. The company's stock had a trading volume of 150,746 shares, compared to its average volume of 290,681. The company's 50-day moving average is $10.32 and its 200 day moving average is $11.90. The firm has a market cap of $737.73 million, a PE ratio of 20.35 and a beta of 0.54. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23.

Mission Produce 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.