Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC trimmed its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 40.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,827 shares of the company’s stock after selling 7,978 shares during the period. EntryPoint Capital LLC’s holdings in Calavo Growers were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Calavo Growers during the fourth quarter valued at approximately $26,000. Van ECK Associates Corp lifted its stake in shares of Calavo Growers by 69.1% during the 4th 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 period. KLP Kapitalforvaltning AS acquired a new stake in shares of Calavo Growers during the fourth quarter worth $76,000. Point72 DIFC Ltd grew its position in shares of Calavo Growers by 42.3% in the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after purchasing an additional 973 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Calavo Growers in the third quarter valued at $219,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Calavo Growers Trading Up 2.6 %

Shares of CVGW opened at $24.50 on Friday. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $30.58. The firm has a market capitalization of $437.01 million, a P/E ratio of -408.33 and a beta of 0.57. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $23.40 and its 200 day simple moving average is $25.74.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The firm had revenue of $169.96 million during the quarter, compared to analysts’ expectations of $161.99 million. During the same quarter last year, the business earned ($0.33) earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 annualized dividend and a yield of 3.27%. Calavo Growers’s dividend payout ratio is currently 148.15%.

Analyst Ratings Changes

A number of brokerages have issued reports on CVGW. StockNews.com lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Lake Street Capital decreased their target price on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

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.