GSA Capital Partners LLP Grows Position in Calavo Growers, Inc. (CVGW)
GSA Capital Partners LLP boosted its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 17.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,101 shares of the company’s stock after purchasing an additional 2,064 shares during the period. GSA Capital Partners LLP owned about 0.08% of Calavo Growers worth $1,032,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in CVGW. Bank of Montreal Can lifted its position in Calavo Growers by 25.9% in the second quarter. Bank of Montreal Can now owns 3,724 shares of the company’s stock valued at $257,000 after purchasing an additional 767 shares during the period. Aperio Group LLC acquired a new stake in shares of Calavo Growers during the 2nd quarter valued at approximately $213,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Calavo Growers by 3.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,620 shares of the company’s stock valued at $250,000 after acquiring an additional 120 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Calavo Growers by 3.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 22,328 shares of the company’s stock valued at $1,540,000 after acquiring an additional 800 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Calavo Growers by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,786 shares of the company’s stock valued at $5,095,000 after acquiring an additional 2,853 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.
CVGW has been the subject of a number of research reports. BidaskClub downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Lake Street Capital reissued a “buy” rating and set a $91.00 price objective (up from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Stephens raised their price objective on shares of Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Calavo Growers presently has a consensus rating of “Buy” and an average target price of $88.00.
Calavo Growers, Inc. (NASDAQ CVGW) opened at $78.70 on Monday. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $83.00. The firm has a market cap of $1,380.00, a P/E ratio of 36.95 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Calavo Growers had a net margin of 3.47% and a return on equity of 16.01%. The business had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $297.40 million. During the same period last year, the company posted $0.53 EPS. The company’s revenue was up 11.9% on a year-over-year basis. analysts anticipate that Calavo Growers, Inc. will post 2.86 EPS for the current year.
The firm also recently disclosed an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a dividend of $0.95 per share. This represents a dividend yield of 1.29%. This is a boost from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date was Thursday, November 16th. Calavo Growers’s dividend payout ratio (DPR) is 44.60%.
In other Calavo Growers news, insider James E. Snyder sold 750 shares of Calavo Growers stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $70.19, for a total value of $52,642.50. Following the completion of the sale, the insider now directly owns 11,095 shares of the company’s stock, valued at approximately $778,758.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.90% of the stock is currently owned by insiders.
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Calavo Growers Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
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