Graham Capital Management L.P. Purchases New Shares in Calavo Growers, Inc. (NASDAQ:CVGW)

Graham Capital Management L.P. purchased a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,261 shares of the company’s stock, valued at approximately $389,000. Graham Capital Management L.P. owned 0.09% of Calavo Growers as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Calavo Growers by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,346 shares of the company’s stock valued at $366,000 after buying an additional 991 shares during the period. R Squared Ltd purchased a new stake in Calavo Growers during the 4th quarter valued at $26,000. Van ECK Associates Corp raised its holdings in Calavo Growers by 69.1% during the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after buying an additional 1,039 shares during the period. Inspire Investing LLC raised its holdings in Calavo Growers by 9.2% during the 4th quarter. Inspire Investing LLC now owns 15,713 shares of the company’s stock valued at $401,000 after buying an additional 1,321 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Calavo Growers by 19.7% in the fourth quarter. Wells Fargo & Company MN now owns 11,942 shares of the company’s stock worth $305,000 after purchasing an additional 1,969 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday.

Calavo Growers Stock Performance

CVGW stock opened at $26.90 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $25.07. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $30.58. The firm has a market cap of $479.82 million, a price-to-earnings ratio of -448.33 and a beta of 0.42.

Calavo Growers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.97%. Calavo Growers’s payout ratio is 148.15%.

Insiders Place Their Bets

In other news, CEO Lecil E. Cole purchased 38,155 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of $24.60 per share, for a total transaction of $938,613.00. Following the completion of the purchase, the chief executive officer now owns 574,225 shares in the company, valued at approximately $14,125,935. This represents a 7.12% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael A. Browne purchased 6,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the purchase, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. This trade represents a 400.00% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 73,438 shares of company stock worth $1,771,303 over the last quarter. Company insiders own 7.20% of the company’s stock.

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.