Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,157 shares of the company's stock after selling 16,017 shares during the period. Trexquant Investment LP owned about 0.24% of Calavo Growers worth $1,075,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new stake in shares of Calavo Growers in the 3rd quarter valued at about $219,000. Point72 Asset Management L.P. grew its position in shares of Calavo Growers by 93.2% during the third quarter. Point72 Asset Management L.P. now owns 14,100 shares of the company's stock worth $402,000 after acquiring an additional 6,800 shares during the last quarter. Jane Street Group LLC raised its position in Calavo Growers by 215.5% in the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company's stock valued at $7,493,000 after purchasing an additional 179,395 shares during the last quarter. Barclays PLC grew its position in Calavo Growers by 338.3% during the 3rd quarter. Barclays PLC now owns 26,625 shares of the company's stock worth $759,000 after purchasing an additional 20,551 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Calavo Growers by 221.1% in the third quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company's stock valued at $3,533,000 after purchasing an additional 85,272 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVGW has been the subject of several recent analyst reports. StockNews.com cut shares of Calavo Growers from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Lake Street Capital cut their target price on Calavo Growers from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other Calavo Growers news, EVP Michael A. Browne acquired 6,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the purchase, the executive vice president now directly owns 7,500 shares in the company, valued at $177,675. This trade represents a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lecil E. Cole acquired 21,070 shares of Calavo Growers stock in a transaction on Friday, April 11th. The shares were bought at an average price of $23.73 per share, for a total transaction of $499,991.10. Following the completion of the purchase, the chief executive officer now directly owns 536,070 shares in the company, valued at $12,720,941.10. The trade was a 4.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 35,283 shares of company stock worth $832,690. 7.20% of the stock is owned by corporate insiders.

Calavo Growers Price Performance

Shares of NASDAQ CVGW traded up $0.31 during midday trading on Wednesday, hitting $24.41. The company had a trading volume of 47,229 shares, compared to its average volume of 209,091. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $23.40 and a two-hundred day simple moving average of $25.26. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $30.58. The firm has a market capitalization of $435.31 million, a price-to-earnings ratio of -406.75 and a beta of 0.41.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued 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). The firm had revenue of $169.96 million for 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 business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.33) earnings per share. Equities research analysts anticipate that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be issued a $0.20 dividend. 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 3.28%. 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.