Calavo Growers, Inc. (NASDAQ:CVGW) Shares Bought by Barclays PLC

Barclays PLC raised its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 338.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,625 shares of the company's stock after acquiring an additional 20,551 shares during the period. Barclays PLC owned approximately 0.15% of Calavo Growers worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd boosted its stake in shares of Calavo Growers by 42.3% during the 3rd quarter. Point72 DIFC Ltd now owns 3,272 shares of the company's stock worth $93,000 after purchasing an additional 973 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Calavo Growers in the third quarter worth approximately $219,000. LMR Partners LLP bought a new stake in shares of Calavo Growers during the 3rd quarter worth approximately $253,000. Inspire Investing LLC purchased a new position in Calavo Growers during the 2nd quarter valued at $346,000. Finally, Quantbot Technologies LP bought a new position in Calavo Growers in the 3rd quarter valued at $357,000. Hedge funds and other institutional investors own 81.30% of the company's stock.

Calavo Growers Stock Up 8.0 %

Shares of CVGW stock traded up $1.80 during mid-day trading on Thursday, hitting $24.32. The stock had a trading volume of 391,790 shares, compared to its average volume of 286,485. The firm has a market capitalization of $432.90 million, a P/E ratio of -48.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $31.26. The firm's 50-day moving average is $26.18 and its two-hundred day moving average is $25.65.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its earnings results 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 positive return on equity of 6.35% and a negative net margin of 1.21%. The business had revenue of $169.96 million for the quarter, compared to the consensus estimate of $161.99 million. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. On average, analysts predict that Calavo Growers, Inc. will post 1.31 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, January 10th. This represents a $0.80 dividend on an annualized basis and a yield of 3.29%. Calavo Growers's dividend payout ratio is currently -160.00%.

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 research note on Wednesday.

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.