Calavo Growers, Inc. (NASDAQ:CVGW) Sees Large Decline in Short Interest

Calavo Growers, Inc. (NASDAQ:CVGW - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 611,100 shares, a decrease of 6.7% from the November 30th total of 655,300 shares. Based on an average trading volume of 144,300 shares, the short-interest ratio is currently 4.2 days. Approximately 3.7% of the company's shares are short sold.

Institutional Trading of Calavo Growers

A number of institutional investors and hedge funds have recently bought and sold shares of CVGW. Point72 DIFC Ltd boosted its position in shares of Calavo Growers by 42.3% in the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company's stock worth $93,000 after buying an additional 973 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Calavo Growers by 40.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company's stock valued at $87,000 after acquiring an additional 1,100 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Calavo Growers by 4.1% during the second quarter. Rhumbline Advisers now owns 57,119 shares of the company's stock valued at $1,297,000 after purchasing an additional 2,247 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Calavo Growers by 6.3% during the second quarter. Public Sector Pension Investment Board now owns 39,184 shares of the company's stock worth $889,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Calavo Growers by 1.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 267,268 shares of the company's stock valued at $7,625,000 after purchasing an additional 4,307 shares during the period. Institutional investors and hedge funds own 81.30% of the company's stock.

Calavo Growers Trading Down 0.0 %

Calavo Growers stock traded down $0.01 during trading on Tuesday, reaching $25.50. The company had a trading volume of 144,758 shares, compared to its average volume of 203,481. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04. The firm has a market capitalization of $453.87 million, a price-to-earnings ratio of -51.00 and a beta of 0.58. Calavo Growers has a 12-month low of $20.30 and a 12-month high of $31.26. The stock's 50 day moving average price is $26.89 and its two-hundred day moving average price is $25.62.

Calavo Growers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, January 10th. Calavo Growers's payout ratio is currently -160.00%.

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.