Jacobs Levy Equity Management Inc. Acquires 960 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,228 shares of the company’s stock after purchasing an additional 960 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Calavo Growers were worth $6,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVGW. American Century Companies Inc. lifted its holdings 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 purchasing an additional 94,221 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Calavo Growers by 221.1% during the third quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock valued at $3,533,000 after purchasing an additional 85,272 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Calavo Growers by 104.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company’s stock valued at $3,849,000 after purchasing an additional 77,220 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in shares of Calavo Growers by 54.0% during the fourth quarter. Penn Capital Management Company LLC now owns 168,344 shares of the company’s stock valued at $4,293,000 after purchasing an additional 58,995 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Calavo Growers by 46.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 180,268 shares of the company’s stock valued at $4,597,000 after purchasing an additional 57,575 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

Calavo Growers Stock Down 0.1%

CVGW stock opened at $26.03 on Wednesday. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $30.58. The business’s 50-day moving average is $24.77 and its two-hundred day moving average is $25.07. 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 cap of $464.30 million, a price-to-earnings ratio of -433.83 and a beta of 0.42.

Calavo Growers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, April 1st. Calavo Growers’s dividend payout ratio is 148.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVGW. StockNews.com raised Calavo Growers from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Lake Street Capital lowered their target price on Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th.

Insider Buying and Selling at Calavo Growers

In related news, EVP Michael A. Browne purchased 6,000 shares of Calavo Growers stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the transaction, the executive vice president now directly owns 7,500 shares in the company, valued at $177,675. This represents a 400.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lecil E. Cole purchased 38,155 shares of Calavo Growers stock in a transaction on Monday, April 14th. The stock was bought at an average price of $24.60 per share, with a total value of $938,613.00. Following the transaction, the chief executive officer now owns 574,225 shares of the company’s stock, valued at approximately $14,125,935. This represents a 7.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 73,438 shares of company stock valued at $1,771,303. 7.20% of the stock is owned by company insiders.

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.