Landscape Capital Management L.L.C. Invests $825,000 in Calavo Growers, Inc. (NASDAQ:CVGW)

Landscape Capital Management L.L.C. acquired a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,908 shares of the company's stock, valued at approximately $825,000. Landscape Capital Management L.L.C. owned about 0.16% of Calavo Growers as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Calavo Growers by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,819 shares of the company's stock valued at $357,000 after acquiring an additional 582 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Calavo Growers by 40.3% during the 2nd 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 during the last quarter. Rhumbline Advisers increased its holdings in shares of Calavo Growers by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 57,119 shares of the company's stock valued at $1,297,000 after acquiring an additional 2,247 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Calavo Growers by 6.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 39,184 shares of the company's stock valued at $889,000 after buying an additional 2,323 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Calavo Growers in the 2nd quarter valued at approximately $56,000. Institutional investors and hedge funds own 81.30% of the company's stock.

Calavo Growers Price Performance

CVGW stock traded up $0.02 during midday trading on Friday, hitting $27.17. The stock had a trading volume of 148,197 shares, compared to its average volume of 113,376. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $27.96 and a 200 day simple moving average of $25.70.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its earnings results on Monday, September 9th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. The business had revenue of $179.60 million for the quarter, compared to analyst estimates of $175.00 million. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. On average, analysts expect that Calavo Growers, Inc. will post 1.31 earnings per share for the current year.

Calavo Growers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Wednesday, October 2nd were paid a $0.20 dividend. This is a positive change from Calavo Growers's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.80 annualized dividend and a yield of 2.94%. Calavo Growers's payout ratio is currently -160.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Calavo Growers from a "sell" rating to a "hold" rating in a report on Saturday, August 3rd.

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.