GSA Capital Partners LLP Acquires New Stake in Calavo Growers, Inc. $CVGW

GSA Capital Partners LLP acquired a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 41,152 shares of the company’s stock, valued at approximately $895,000.

Several other large investors also recently added to or reduced their stakes in CVGW. SG Capital Management LLC bought a new stake in Calavo Growers during the third quarter valued at $13,443,000. Balyasny Asset Management L.P. boosted its stake in Calavo Growers by 1,873.8% during the second quarter. Balyasny Asset Management L.P. now owns 226,793 shares of the company’s stock valued at $6,030,000 after buying an additional 215,303 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Calavo Growers by 588.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 236,579 shares of the company’s stock valued at $6,291,000 after purchasing an additional 202,221 shares in the last quarter. Two Sigma Investments LP raised its position in Calavo Growers by 1,237.5% during the third quarter. Two Sigma Investments LP now owns 177,767 shares of the company’s stock valued at $4,576,000 after purchasing an additional 164,476 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Calavo Growers by 43.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 473,700 shares of the company’s stock valued at $10,303,000 after purchasing an additional 144,500 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Calavo Growers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.50.

Calavo Growers Trading Down 0.0%

NASDAQ CVGW opened at $26.45 on Friday. The stock’s 50-day simple moving average is $26.69 and its two-hundred day simple moving average is $24.40. Calavo Growers, Inc. has a twelve month low of $18.40 and a twelve month high of $28.98. The company has a quick ratio of 1.66, a current ratio of 2.21 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $472.66 million, a price-to-earnings ratio of 29.72 and a beta of 0.44.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Calavo Growers had a return on equity of 12.81% and a net margin of 2.61%.The business had revenue of $122.20 million for the quarter, compared to the consensus estimate of $138.45 million.

Calavo Growers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Friday, April 24th were given a dividend of $0.20 per share. The ex-dividend date was Friday, April 24th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. Calavo Growers’s dividend payout ratio (DPR) is presently 89.89%.

Calavo Growers Company Profile

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.