GSA Capital Partners LLP Invests $895,000 in Calavo Growers, Inc. $CVGW

GSA Capital Partners LLP purchased a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 41,152 shares of the company’s stock, valued at approximately $895,000. GSA Capital Partners LLP owned 0.23% of Calavo Growers at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SG Capital Management LLC bought a new position in shares of Calavo Growers in the third quarter worth $13,443,000. Deprince Race & Zollo Inc. boosted its holdings in shares of Calavo Growers by 11.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 410,469 shares of the company’s stock worth $8,928,000 after acquiring an additional 41,094 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Calavo Growers by 59.7% in the third quarter. Envestnet Asset Management Inc. now owns 59,846 shares of the company’s stock worth $1,540,000 after acquiring an additional 22,361 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Calavo Growers by 703.0% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 106,400 shares of the company’s stock worth $2,739,000 after acquiring an additional 93,150 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Calavo Growers by 454.7% in the third quarter. Gabelli Funds LLC now owns 109,360 shares of the company’s stock worth $2,815,000 after acquiring an additional 89,646 shares during the period. 81.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Calavo Growers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.50.

Calavo Growers Price Performance

NASDAQ:CVGW opened at $26.45 on Friday. The firm has a market capitalization of $472.66 million, a price-to-earnings ratio of 29.72 and a beta of 0.44. Calavo Growers, Inc. has a 52-week low of $18.40 and a 52-week high of $28.98. The stock has a fifty day moving average of $26.69 and a 200 day moving average of $24.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.66 and a current ratio of 2.21.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $122.20 million during the quarter, compared to analyst estimates of $138.45 million. Calavo Growers had a return on equity of 12.81% and a net margin of 2.61%.

Calavo Growers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Friday, April 24th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $0.80 annualized dividend and a yield of 3.0%. Calavo Growers’s dividend payout ratio (DPR) is currently 89.89%.

About Calavo Growers

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.