AlphaQuest LLC Has $284,000 Stake in Calavo Growers, Inc. $CVGW

AlphaQuest LLC grew its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 24.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,698 shares of the company’s stock after purchasing an additional 2,121 shares during the quarter. AlphaQuest LLC owned about 0.06% of Calavo Growers worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Calavo Growers by 4.4% in the first quarter. US Bancorp DE now owns 9,136 shares of the company’s stock valued at $219,000 after acquiring an additional 384 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Calavo Growers by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock valued at $240,000 after acquiring an additional 390 shares during the period. Comerica Bank boosted its position in shares of Calavo Growers by 3.9% in the first quarter. Comerica Bank now owns 11,776 shares of the company’s stock valued at $283,000 after acquiring an additional 441 shares during the period. Inspire Investing LLC boosted its position in shares of Calavo Growers by 3.3% in the second quarter. Inspire Investing LLC now owns 14,724 shares of the company’s stock valued at $392,000 after acquiring an additional 469 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Calavo Growers by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 206,410 shares of the company’s stock valued at $4,952,000 after acquiring an additional 669 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CVGW shares. Wall Street Zen raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Stephens raised Calavo Growers to a “hold” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Calavo Growers in a research report on Wednesday, October 8th. Finally, Lake Street Capital increased their price target on Calavo Growers from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.00.

Calavo Growers Stock Down 0.5%

Shares of CVGW opened at $22.21 on Friday. Calavo Growers, Inc. has a 52 week low of $21.46 and a 52 week high of $30.02. The stock has a market capitalization of $396.52 million, a price-to-earnings ratio of 25.24 and a beta of 0.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.86 and a current ratio of 2.30. The stock has a fifty day moving average of $25.77 and a 200-day moving average of $26.41.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Calavo Growers had a return on equity of 11.73% and a net margin of 2.28%.The company had revenue of $178.82 million during the quarter, compared to analysts’ expectations of $195.20 million. During the same period in the prior year, the company earned $0.57 EPS. Calavo Growers’s revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 30th. Calavo Growers’s dividend payout ratio is presently 90.91%.

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.