53,764 Shares in Calavo Growers, Inc. (NASDAQ:CVGW) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 53,764 shares of the company's stock, valued at approximately $1,371,000. Assenagon Asset Management S.A. owned approximately 0.30% of Calavo Growers at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Nuance Investments LLC raised its position in Calavo Growers by 25.1% in the 3rd quarter. Nuance Investments LLC now owns 1,636,969 shares of the company's stock worth $46,703,000 after purchasing an additional 328,820 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Calavo Growers by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,914 shares of the company's stock valued at $16,319,000 after purchasing an additional 9,034 shares during the period. Deprince Race & Zollo Inc. grew its position in shares of Calavo Growers by 40.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company's stock worth $8,088,000 after buying an additional 103,024 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Calavo Growers by 1.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 267,268 shares of the company's stock worth $7,625,000 after buying an additional 4,307 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Calavo Growers by 215.5% in the third quarter. Jane Street Group LLC now owns 262,626 shares of the company's stock valued at $7,493,000 after buying an additional 179,395 shares during the period. Institutional investors own 81.30% of the company's stock.

Calavo Growers Trading Down 0.7 %

Shares of CVGW stock traded down $0.17 on Friday, reaching $23.98. The company had a trading volume of 139,609 shares, compared to its average volume of 259,127. The company has a 50-day moving average of $25.66 and a 200-day moving average of $25.73. Calavo Growers, Inc. has a 12 month low of $20.30 and a 12 month high of $31.26. The stock has a market cap of $427.80 million, a PE ratio of -399.67 and a beta of 0.59. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

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

Calavo Growers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.20 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.80 annualized dividend and a yield of 3.34%. Calavo Growers's dividend payout ratio is currently -1,333.33%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lowered their target price on shares of Calavo Growers from $40.00 to $35.00 and set a "buy" rating for the company in a 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.