Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lowered its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 82.3% in the fourth quarter, Holdings Channel reports. The firm owned 9,222 shares of the company’s stock after selling 43,025 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Calavo Growers were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CVGW. R Squared Ltd purchased a new stake in Calavo Growers during the 4th quarter worth approximately $26,000. Van ECK Associates Corp boosted its stake 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 worth $65,000 after acquiring an additional 1,039 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Calavo Growers during the fourth quarter worth approximately $76,000. Aquatic Capital Management LLC acquired a new position in Calavo Growers in the 4th quarter valued at $86,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Calavo Growers by 139.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company’s stock valued at $138,000 after purchasing an additional 3,141 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Trading Down 0.3%

CVGW opened at $26.81 on Tuesday. The firm has a market capitalization of $478.21 million, a price-to-earnings ratio of -446.83 and a beta of 0.42. The company’s 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $25.04. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70.

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.98%. Calavo Growers’s dividend payout ratio is presently 148.15%.

Insider Buying and Selling

In other news, EVP Michael A. Browne purchased 6,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $23.69 per share, with a total value of $142,140.00. Following the transaction, the executive vice president now owns 7,500 shares in the company, valued at $177,675. The trade was a 400.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lecil E. Cole acquired 21,070 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of $23.73 per share, with a total value of $499,991.10. Following the acquisition, the chief executive officer now directly owns 536,070 shares of the company’s stock, valued at $12,720,941.10. This trade represents a 4.09% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 73,438 shares of company stock worth $1,771,303. 7.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Calavo Growers Company 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.