12,144 Shares in Calavo Growers, Inc. (NASDAQ:CVGW) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,144 shares of the company's stock, valued at approximately $310,000. Magnetar Financial LLC owned approximately 0.07% of Calavo Growers as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in Calavo Growers during the 4th quarter worth about $315,000. AlphaQuest LLC grew its holdings in Calavo Growers by 1,527,100.0% in the fourth quarter. AlphaQuest LLC now owns 15,272 shares of the company's stock worth $389,000 after purchasing an additional 15,271 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Calavo Growers during the fourth quarter worth $709,000. Bank of New York Mellon Corp lifted its holdings in shares of Calavo Growers by 26.4% during the 4th quarter. Bank of New York Mellon Corp now owns 152,141 shares of the company's stock valued at $3,880,000 after purchasing an additional 31,743 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Calavo Growers during the 4th quarter valued at $330,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVGW has been the topic of several research analyst reports. Lake Street Capital dropped their price target on Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered Calavo Growers from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

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Calavo Growers Trading Up 2.6 %

NASDAQ:CVGW traded up $0.61 during trading hours on Thursday, hitting $24.50. The company had a trading volume of 143,858 shares, compared to its average volume of 200,449. The company has a 50-day moving average of $23.40 and a 200 day moving average of $25.75. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $437.01 million, a P/E ratio of -408.33 and a beta of 0.57. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last posted its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The firm had revenue of $169.96 million during the quarter, compared to analysts' expectations of $161.99 million. During the same quarter in the prior year, the firm posted ($0.33) EPS. Calavo Growers's quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts expect that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, April 1st. Calavo Growers's dividend payout ratio (DPR) is 148.15%.

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.