Integrated Quantitative Investments LLC Purchases Shares of 11,200 Calavo Growers, Inc. (NASDAQ:CVGW)

Integrated Quantitative Investments LLC acquired a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the 4th quarter, HoldingsChannel reports. The firm acquired 11,200 shares of the company’s stock, valued at approximately $286,000.

A number of other large investors have also recently made changes to their positions in the business. Jane Street Group LLC raised its holdings in Calavo Growers by 215.5% in the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock worth $7,493,000 after purchasing an additional 179,395 shares in the last quarter. American Century Companies Inc. increased its position 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 buying an additional 94,221 shares during the period. JPMorgan Chase & Co. raised its stake in Calavo Growers by 221.1% in the third quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock worth $3,533,000 after buying an additional 85,272 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Calavo Growers by 104.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company’s stock worth $3,849,000 after buying an additional 77,220 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Calavo Growers during the 4th quarter valued at approximately $1,371,000. 81.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Lake Street Capital decreased their target price on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded Calavo Growers from a “hold” rating to a “buy” rating in a report on Monday, March 31st.

Insider Transactions at Calavo Growers

In other news, EVP Michael A. Browne bought 6,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the purchase, the executive vice president now owns 7,500 shares in the company, valued at approximately $177,675. This represents a 400.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.20% of the company’s stock.

Calavo Growers Trading Down 1.2 %

Shares of NASDAQ CVGW opened at $23.58 on Friday. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. 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 50-day moving average of $23.35 and a 200 day moving average of $25.55. The stock has a market cap of $420.60 million, a P/E ratio of -393.00 and a beta of 0.41.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $169.96 million for the quarter, compared to analysts’ expectations of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. Calavo Growers’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.33) earnings per share. As a group, sell-side analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.39%. Calavo Growers’s dividend payout ratio is currently 148.15%.

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.