SG Capital Management LLC reduced its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 76.0% in the fourth quarter, according to the company in its most recent 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 period. SG Capital Management LLC owned 0.13% of Calavo Growers worth $613,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd bought a new position in shares of Calavo Growers in the fourth quarter worth approximately $26,000. Van ECK Associates Corp boosted its position in Calavo Growers by 69.1% in the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company's stock worth $65,000 after purchasing an additional 1,039 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Calavo Growers in the fourth quarter worth approximately $76,000. Aquatic Capital Management LLC purchased a new stake in Calavo Growers during the fourth quarter valued at approximately $86,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Calavo Growers by 139.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company's stock worth $138,000 after purchasing an additional 3,141 shares in the last quarter. Institutional investors own 81.30% of the company's stock.
Insider Transactions at Calavo Growers
In other Calavo Growers news, CFO James E. Snyder purchased 3,213 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average price of $23.33 per share, with a total value of $74,959.29. Following the completion of the purchase, the chief financial officer now directly owns 5,157 shares in the company, valued at $120,312.81. This trade represents a 165.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lecil E. Cole acquired 21,070 shares of the stock in a transaction on Friday, April 11th. The shares were acquired at an average price of $23.73 per share, with a total value of $499,991.10. Following the transaction, the chief executive officer now directly owns 536,070 shares of the company's stock, valued at $12,720,941.10. The trade was a 4.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 73,438 shares of company stock valued at $1,771,303 in the last ninety days. Corporate insiders own 7.20% of the company's stock.
Calavo Growers Price Performance
CVGW stock opened at $26.18 on Friday. 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 company has a market capitalization of $466.97 million, a PE ratio of -436.33 and a beta of 0.42. The company's fifty day moving average price is $24.87 and its 200-day moving average price is $25.07. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $30.58.
Calavo Growers Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st were issued a $0.20 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.06%. Calavo Growers's dividend payout ratio (DPR) is 148.15%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday.
Check Out Our Latest Stock Analysis on CVGW
About Calavo Growers
(
Free Report)
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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