Integrity Wealth Advisors Inc. Makes New Investment in Calavo Growers, Inc. (NASDAQ:CVGW)

Integrity Wealth Advisors Inc. acquired a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,711 shares of the company's stock, valued at approximately $375,000. Integrity Wealth Advisors Inc. owned 0.08% of Calavo Growers at the end of the most recent quarter.

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

Insider Buying and Selling at Calavo Growers

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CVGW shares. StockNews.com downgraded Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday. Lake Street Capital cut their price objective 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 Stock Up 6.1 %

Shares of NASDAQ:CVGW traded up $1.51 on Friday, reaching $26.17. The company had a trading volume of 455,049 shares, compared to its average volume of 210,764. 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 stock has a market capitalization of $466.79 million, a P/E ratio of -436.17 and a beta of 0.41. The stock has a 50-day moving average price of $23.59 and a 200 day moving average price of $25.22. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month 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 (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 company had revenue of $169.96 million for the quarter, compared to the consensus estimate of $161.99 million. During the same period in the previous year, the company earned ($0.33) EPS. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 annualized dividend and a yield of 3.06%. Calavo Growers's dividend payout ratio (DPR) is presently 148.15%.

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.