Numerai GP LLC Sells 6,865 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Numerai GP LLC cut its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,319 shares of the company’s stock after selling 6,865 shares during the period. Numerai GP LLC’s holdings in Calavo Growers were worth $722,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVGW. R Squared Ltd purchased a new stake in shares of Calavo Growers during the fourth quarter valued at $26,000. Van ECK Associates Corp boosted its position in shares of Calavo Growers by 69.1% during the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after buying an additional 1,039 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Calavo Growers during the fourth quarter valued at $76,000. Aquatic Capital Management LLC purchased a new stake in shares of Calavo Growers during the fourth quarter valued at $86,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Calavo Growers by 139.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company’s stock valued at $138,000 after buying an additional 3,141 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CVGW shares. Lake Street Capital dropped their price objective on Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday.

Calavo Growers Stock Performance

CVGW stock opened at $25.62 on Thursday. The company has a market cap of $456.98 million, a P/E ratio of -427.00 and a beta of 0.42. 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 stock’s fifty day moving average price is $24.81 and its 200-day moving average price is $25.07.

Calavo Growers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.12%. Calavo Growers’s dividend payout ratio (DPR) is currently 148.15%.

Insider Transactions at Calavo Growers

In related news, EVP Michael A. Browne bought 6,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the transaction, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. This trade represents a 400.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lecil E. Cole bought 38,155 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $24.60 per share, for a total transaction of $938,613.00. Following the completion of the transaction, the chief executive officer now directly owns 574,225 shares of the company’s stock, valued at $14,125,935. This represents a 7.12% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 73,438 shares of company stock worth $1,771,303 in the last ninety days. Insiders own 7.20% of the company’s stock.

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.