XTX Topco Ltd Sells 16,719 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

XTX Topco Ltd trimmed its holdings in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 47.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,562 shares of the company's stock after selling 16,719 shares during the quarter. XTX Topco Ltd owned about 0.10% of Calavo Growers worth $473,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nuance Investments LLC grew its position in Calavo Growers by 1.6% during the fourth quarter. Nuance Investments LLC now owns 1,663,515 shares of the company's stock worth $42,420,000 after buying an additional 26,546 shares during the period. Vanguard Group Inc. grew its stake in Calavo Growers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 1,148,505 shares of the company's stock valued at $29,287,000 after purchasing an additional 22,777 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Calavo Growers by 26.8% in the 4th quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock valued at $11,368,000 after acquiring an additional 94,221 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Calavo Growers by 6.9% during the fourth quarter. Russell Investments Group Ltd. now owns 335,914 shares of the company's stock worth $8,566,000 after acquiring an additional 21,584 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 worth $3,880,000 after acquiring an additional 31,743 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Calavo Growers

In other Calavo Growers news, EVP Michael A. Browne purchased 6,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $23.69 per share, with a total value of $142,140.00. Following the acquisition, the executive vice president now directly owns 7,500 shares of the company's stock, valued at $177,675. This trade represents a 400.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lecil E. Cole purchased 38,155 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average cost of $24.60 per share, with a total value of $938,613.00. Following the purchase, the chief executive officer now owns 574,225 shares of the company's stock, valued at $14,125,935. This represents a 7.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 73,438 shares of company stock valued at $1,771,303 over the last three months. 7.20% of the stock is currently owned by corporate insiders.

Calavo Growers Price Performance

NASDAQ CVGW traded down $0.29 during trading hours on Friday, reaching $27.04. 64,682 shares of the company's stock were exchanged, compared to its average volume of 214,369. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $30.58. The stock has a market cap of $482.33 million, a PE ratio of -450.93 and a beta of 0.41. 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 firm has a fifty day moving average of $23.87 and a 200-day moving average of $25.19.

Calavo Growers Announces Dividend

The business also recently announced 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 2.96%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers's dividend payout ratio (DPR) is currently 148.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CVGW shares. StockNews.com cut shares of Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Lake Street Capital lowered their target price 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 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.