International Assets Investment Management LLC Invests $5.19 Million in Calavo Growers, Inc. (NASDAQ:CVGW)

International Assets Investment Management LLC purchased a new stake in Calavo Growers, Inc. (NASDAQ:CVGW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,646 shares of the company’s stock, valued at approximately $5,190,000. International Assets Investment Management LLC owned approximately 0.10% of Calavo Growers 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 business. Carmel Capital Partners LLC purchased a new stake in shares of Calavo Growers during the 3rd quarter worth $25,000. Illinois Municipal Retirement Fund purchased a new stake in Calavo Growers during the third quarter worth about $273,000. SG Americas Securities LLC acquired a new position in Calavo Growers during the third quarter worth about $275,000. Commonwealth Equity Services LLC grew its position in Calavo Growers by 9.2% during the third quarter. Commonwealth Equity Services LLC now owns 10,919 shares of the company’s stock worth $276,000 after buying an additional 918 shares during the period. Finally, First Dallas Securities Inc. purchased a new position in Calavo Growers in the third quarter valued at about $555,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Price Performance

Shares of NASDAQ CVGW opened at $28.56 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.70 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $27.57 and its 200 day moving average price is $27.05. Calavo Growers, Inc. has a 52 week low of $21.42 and a 52 week high of $38.97. The stock has a market cap of $508.37 million, a price-to-earnings ratio of -43.27 and a beta of 0.63.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Monday, March 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.18). Calavo Growers had a negative net margin of 1.32% and a positive return on equity of 0.49%. The business had revenue of $127.60 million during the quarter, compared to analysts’ expectations of $254.25 million. During the same period last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts forecast that Calavo Growers, Inc. will post 1.04 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 28th. Calavo Growers’s payout ratio is -60.61%.

Analyst Ratings Changes

Separately, Stephens restated an “equal weight” rating and issued a $32.00 price target on shares of Calavo Growers in a report on Wednesday, January 17th.

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.