522,247 Shares in Calavo Growers, Inc. $CVGW Bought by SG Capital Management LLC

SG Capital Management LLC purchased a new stake in Calavo Growers, Inc. (NASDAQ:CVGW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 522,247 shares of the company’s stock, valued at approximately $13,443,000. Calavo Growers accounts for about 1.2% of SG Capital Management LLC’s investment portfolio, making the stock its 26th largest position. SG Capital Management LLC owned approximately 2.93% of Calavo Growers as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Calavo Growers by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock valued at $240,000 after buying an additional 390 shares during the period. Engineers Gate Manager LP raised its holdings in Calavo Growers by 1.1% in the 2nd quarter. Engineers Gate Manager LP now owns 38,354 shares of the company’s stock valued at $1,020,000 after acquiring an additional 422 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Calavo Growers by 7.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,956 shares of the company’s stock worth $282,000 after acquiring an additional 716 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Calavo Growers by 2.5% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 30,959 shares of the company’s stock worth $797,000 after purchasing an additional 759 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Calavo Growers by 3.4% during the third quarter. Rhumbline Advisers now owns 26,412 shares of the company’s stock valued at $680,000 after purchasing an additional 867 shares during the period. Institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Performance

NASDAQ CVGW opened at $26.56 on Thursday. Calavo Growers, Inc. has a 1-year low of $18.40 and a 1-year high of $28.72. The company has a 50 day moving average of $23.66 and a 200-day moving average of $24.20. The company has a current ratio of 2.47, a quick ratio of 1.92 and a debt-to-equity ratio of 0.02. The firm has a market cap of $474.63 million, a price-to-earnings ratio of 24.15 and a beta of 0.40.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Wednesday, January 14th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). The business had revenue of $124.68 million for the quarter, compared to analyst estimates of $147.95 million. Calavo Growers had a net margin of 3.05% and a return on equity of 13.43%. On average, equities analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, January 13th. Calavo Growers’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Calavo Growers in a research report on Monday, December 29th. Finally, Stephens dropped their price target on shares of Calavo Growers from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.50.

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.