SG Capital Management LLC Has $613,000 Stake in Calavo Growers, Inc. (NASDAQ:CVGW)

SG Capital Management LLC lowered its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,044 shares of the company's stock after selling 76,065 shares during the quarter. SG Capital Management LLC owned 0.13% of Calavo Growers worth $613,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nuance Investments LLC grew its stake in shares of 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 buying an additional 26,546 shares during the last quarter. Vanguard Group Inc. grew its position in Calavo Growers by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 1,148,505 shares of the company's stock worth $29,287,000 after acquiring an additional 22,777 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Calavo Growers by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 698,701 shares of the company's stock valued at $17,817,000 after buying an additional 34,263 shares during the period. American Century Companies Inc. lifted its holdings in shares of Calavo Growers by 26.8% during the fourth quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock valued at $11,368,000 after purchasing an additional 94,221 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Calavo Growers by 6.9% during the fourth quarter. Russell Investments Group Ltd. now owns 335,914 shares of the company's stock valued at $8,566,000 after purchasing an additional 21,584 shares during the period. 81.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Calavo Growers

In other Calavo Growers news, CEO Lecil E. Cole acquired 38,155 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average price of $24.60 per share, for a total transaction of $938,613.00. Following the completion of the purchase, the chief executive officer now directly owns 574,225 shares in the company, valued at $14,125,935. The trade was a 7.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael A. Browne bought 6,000 shares of the company's stock in a transaction that occurred on 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 acquisition, the executive vice president now owns 7,500 shares of the company's stock, valued at $177,675. This represents a 400.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 73,438 shares of company stock worth $1,771,303. 7.20% of the stock is owned by company insiders.

Calavo Growers Stock Performance

NASDAQ:CVGW traded down $0.64 during midday trading on Wednesday, hitting $26.24. The company's stock had a trading volume of 45,685 shares, compared to its average volume of 219,035. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $30.58. The firm's 50 day moving average is $25.17 and its 200-day moving average is $25.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70. The firm has a market cap of $467.99 million, a P/E ratio of -437.23 and a beta of 0.42.

Calavo Growers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Tuesday, April 1st. Calavo Growers's dividend payout ratio is presently 148.15%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Calavo Growers from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Calavo Growers 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.