Kingswood Wealth Advisors LLC Has $448,000 Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Kingswood Wealth Advisors LLC lifted its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,738 shares of the company’s stock after purchasing an additional 3,950 shares during the period. Kingswood Wealth Advisors LLC owned 0.11% of Calavo Growers worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new position in shares of Calavo Growers during the 4th quarter worth about $90,000. EntryPoint Capital LLC increased its holdings in shares of Calavo Growers by 318.4% during the 1st quarter. EntryPoint Capital LLC now owns 5,380 shares of the company’s stock worth $150,000 after purchasing an additional 4,094 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Calavo Growers during the 4th quarter worth about $262,000. Illinois Municipal Retirement Fund increased its holdings in shares of Calavo Growers by 13.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,841 shares of the company’s stock worth $274,000 after purchasing an additional 1,192 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Calavo Growers during the 1st quarter worth about $276,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Price Performance

NASDAQ CVGW traded down $0.64 on Wednesday, reaching $21.30. The company’s stock had a trading volume of 130,457 shares, compared to its average volume of 189,418. The firm has a market cap of $379.14 million, a PE ratio of -239.67 and a beta of 0.56. The business has a 50-day moving average price of $23.84 and a 200 day moving average price of $26.23. Calavo Growers, Inc. has a 52 week low of $20.90 and a 52 week high of $37.60. The company has a current ratio of 1.97, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Monday, June 10th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.19. The business had revenue of $184.38 million for the quarter, compared to analysts’ expectations of $157.00 million. Calavo Growers had a negative net margin of 0.18% and a positive return on equity of 4.84%. Sell-side analysts expect that Calavo Growers, Inc. will post 1.15 EPS for the current year.

Calavo Growers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Tuesday, July 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.88%. Calavo Growers’s payout ratio is currently -444.44%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Saturday.

About Calavo Growers

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.