DRW Securities LLC Makes New Investment in Calavo Growers, Inc. (NASDAQ:CVGW)

DRW Securities LLC bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the third quarter, HoldingsChannel reports. The firm bought 14,064 shares of the company’s stock, valued at approximately $401,000.

A number of other hedge funds have also recently modified their holdings of CVGW. Vanguard Group Inc. lifted its holdings in shares of Calavo Growers by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,384,884 shares of the company’s stock valued at $38,514,000 after purchasing an additional 4,107 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Calavo Growers by 23.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,030 shares of the company’s stock valued at $417,000 after buying an additional 2,891 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Calavo Growers by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,819 shares of the company’s stock valued at $357,000 after buying an additional 582 shares during the last quarter. SG Capital Management LLC boosted its holdings in Calavo Growers by 51.4% in the first quarter. SG Capital Management LLC now owns 404,278 shares of the company’s stock worth $11,243,000 after acquiring an additional 137,325 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Calavo Growers by 25.0% in the second quarter. Kingswood Wealth Advisors LLC now owns 19,738 shares of the company’s stock worth $448,000 after acquiring an additional 3,950 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

Calavo Growers Trading Down 1.8 %

NASDAQ:CVGW opened at $27.44 on Wednesday. The stock has a market cap of $488.43 million, a price-to-earnings ratio of -54.88 and a beta of 0.58. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $27.93 and its 200-day moving average price is $25.66. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Monday, September 9th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. The business had revenue of $179.60 million during the quarter, compared to analyst estimates of $175.00 million. On average, equities research analysts forecast that Calavo Growers, Inc. will post 1.31 earnings per share for the current fiscal year.

Calavo Growers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.80 annualized dividend and a yield of 2.92%. This is a boost from Calavo Growers’s previous quarterly dividend of $0.10. Calavo Growers’s dividend payout ratio is currently -160.00%.

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.