Integrated Quantitative Investments LLC Purchases New Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Integrated Quantitative Investments LLC purchased a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,200 shares of the company's stock, valued at approximately $286,000. Integrated Quantitative Investments LLC owned about 0.06% of Calavo Growers as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CVGW. Jane Street Group LLC grew 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 worth $7,493,000 after purchasing an additional 179,395 shares during the last quarter. American Century Companies Inc. grew its holdings in Calavo Growers by 26.8% in the 4th quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock worth $11,368,000 after buying an additional 94,221 shares in the last quarter. JPMorgan Chase & Co. increased its position in Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company's stock valued at $3,533,000 after acquiring an additional 85,272 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Calavo Growers by 104.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company's stock valued at $3,849,000 after acquiring an additional 77,220 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Calavo Growers during the 4th quarter valued at $1,371,000. Institutional investors and hedge funds own 81.30% of the company's stock.

Calavo Growers Price Performance

NASDAQ:CVGW traded up $1.23 during midday trading on Friday, hitting $23.97. 263,655 shares of the stock were exchanged, compared to its average volume of 209,273. The company has a market capitalization of $427.55 million, a price-to-earnings ratio of -399.50 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. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $30.58. The business has a 50-day moving average price of $23.33 and a two-hundred day moving average price of $25.31.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last posted its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. During the same period in the prior year, the firm posted ($0.33) EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts predict that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers's payout ratio is 148.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CVGW. StockNews.com cut Calavo Growers from a "buy" rating to a "hold" rating in a research note on Tuesday. Lake Street Capital decreased 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 report on Wednesday, January 15th.

Insider Activity

In related news, CFO James E. Snyder acquired 3,213 shares of Calavo Growers stock in a transaction dated Thursday, April 10th. The stock was acquired at an average cost of $23.33 per share, with a total value of $74,959.29. Following the purchase, the chief financial officer now directly owns 5,157 shares in the company, valued at $120,312.81. The trade was a 165.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael A. Browne bought 6,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,213 shares of company stock worth $332,699. Corporate insiders own 7.20% of the company's stock.

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.