ExodusPoint Capital Management LP Buys 13,531 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

ExodusPoint Capital Management LP boosted its stake in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 65.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,162 shares of the company's stock after acquiring an additional 13,531 shares during the period. ExodusPoint Capital Management LP owned 0.19% of Calavo Growers worth $871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CVGW. R Squared Ltd bought a new position in Calavo Growers during the fourth quarter worth $26,000. Van ECK Associates Corp boosted its position in shares of Calavo Growers by 69.1% during the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company's stock worth $65,000 after purchasing an additional 1,039 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Calavo Growers in the 4th quarter valued at about $76,000. Janus Henderson Group PLC bought a new stake in Calavo Growers in the 3rd quarter valued at about $219,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Calavo Growers during the 4th quarter worth approximately $247,000. Institutional investors and hedge funds own 81.30% of the company's stock.

Calavo Growers Stock Up 1.3 %

CVGW traded up $0.31 during mid-day trading on Wednesday, reaching $24.41. 47,229 shares of the stock were exchanged, compared to its average volume of 209,091. The company has a 50 day moving average price of $23.40 and a two-hundred day moving average price of $25.26. The stock has a market capitalization of $435.31 million, a PE ratio of -406.75 and a beta of 0.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58.

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

Calavo Growers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Tuesday, April 1st. Calavo Growers's dividend payout ratio is presently 148.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CVGW shares. Lake Street Capital lowered their target price on Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Calavo Growers from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th.

Insider Transactions at Calavo Growers

In other news, EVP Michael A. Browne acquired 5,000 shares of Calavo Growers stock in a transaction on Thursday, April 10th. The stock was acquired at an average cost of $23.12 per share, with a total value of $115,600.00. Following the completion of the acquisition, the executive vice president now owns 6,400 shares in the company, valued at approximately $147,968. This trade represents a 357.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lecil E. Cole purchased 21,070 shares of the company's stock in a transaction dated Friday, April 11th. The shares were purchased at an average cost of $23.73 per share, for a total transaction of $499,991.10. Following the transaction, the chief executive officer now directly owns 536,070 shares in the company, valued at approximately $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. Insiders have acquired 35,283 shares of company stock worth $832,690 in the last ninety days. Company insiders own 7.20% of the company's stock.

About Calavo Growers

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.