Jump Financial LLC Has $486,000 Stake in Calavo Growers, Inc. (NASDAQ:CVGW)

Jump Financial LLC lowered its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 48.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,060 shares of the company’s stock after selling 17,844 shares during the quarter. Jump Financial LLC owned approximately 0.11% of Calavo Growers worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Calavo Growers during the 4th quarter valued at $26,000. Van ECK Associates Corp raised its position in shares of Calavo Growers by 69.1% in the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after purchasing an additional 1,039 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Calavo Growers during the 4th quarter worth about $76,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Calavo Growers during the 4th quarter worth about $247,000. Finally, Integrated Quantitative Investments LLC acquired a new position in Calavo Growers in the 4th quarter valued at about $286,000. Institutional investors own 81.30% of the company’s stock.

Insider Activity at Calavo Growers

In related news, CEO Lecil E. Cole purchased 21,070 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of $23.73 per share, with a total value of $499,991.10. Following the completion of the purchase, the chief executive officer now directly owns 536,070 shares in the company, valued at $12,720,941.10. This trade represents a 4.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Snyder acquired 3,213 shares of Calavo Growers stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of $23.33 per share, for a total transaction of $74,959.29. Following the completion of the purchase, the chief financial officer now directly owns 5,157 shares of the company’s stock, valued at approximately $120,312.81. This represents a 165.28 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 73,438 shares of company stock worth $1,771,303. Company insiders own 7.20% of the company’s stock.

Calavo Growers Price Performance

NASDAQ:CVGW opened at $27.33 on Friday. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $30.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The firm’s 50-day simple moving average is $23.87 and its 200 day simple moving average is $25.19. The firm has a market cap of $487.49 million, a price-to-earnings ratio of -455.50 and a beta of 0.41.

Calavo Growers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. Calavo Growers’s payout ratio is 148.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Lake Street Capital decreased their price objective on Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th.

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.