Calavo Growers, Inc. (NASDAQ:CVGW) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 445,817 shares of the company's stock after buying an additional 94,221 shares during the quarter. American Century Companies Inc. owned about 2.50% of Calavo Growers worth $11,368,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Calavo Growers in the 4th quarter valued at $26,000. Van ECK Associates Corp lifted its position in Calavo Growers by 69.1% during 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. Point72 DIFC Ltd boosted its holdings in Calavo Growers by 42.3% in the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company's stock valued at $93,000 after purchasing an additional 973 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Calavo Growers during the 3rd quarter worth about $219,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Calavo Growers during the 4th quarter valued at about $247,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers Price Performance

CVGW stock traded down $0.28 during mid-day trading on Friday, reaching $23.58. 168,454 shares of the company's stock were exchanged, compared to its average volume of 207,180. 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, Inc. has a 12-month low of $20.30 and a 12-month high of $30.58. The stock's 50 day moving average is $23.36 and its 200 day moving average is $25.62. The company has a market cap of $420.60 million, a price-to-earnings ratio of -393.00 and a beta of 0.41.

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Calavo Growers (NASDAQ:CVGW - Get Free Report) last announced its earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $169.96 million for the quarter, compared to analysts' expectations of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) EPS. On average, research analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.20 per share. 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 3.39%. Calavo Growers's dividend payout ratio is currently 148.15%.

Insider Buying and Selling

In other news, EVP Michael A. Browne acquired 6,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost 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 in the company, valued at approximately $177,675. This represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CVGW. StockNews.com upgraded Calavo Growers from a "hold" rating to a "buy" rating in a research report on Monday. Lake Street Capital dropped their price target on shares of Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 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.