Los Angeles Capital Management LLC Buys Shares of 149,422 Mission Produce, Inc. (NASDAQ:AVO)

Los Angeles Capital Management LLC purchased a new position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 149,422 shares of the company's stock, valued at approximately $2,147,000. Los Angeles Capital Management LLC owned approximately 0.21% of Mission Produce at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of Mission Produce in the fourth quarter valued at $34,000. New York State Teachers Retirement System acquired a new position in Mission Produce during the fourth quarter valued at $57,000. Quantbot Technologies LP purchased a new stake in Mission Produce in the 3rd quarter worth about $76,000. Quarry LP acquired a new stake in Mission Produce during the 3rd quarter worth about $114,000. Finally, Martingale Asset Management L P purchased a new position in Mission Produce during the 3rd quarter valued at about $129,000. Institutional investors and hedge funds own 63.57% of the company's stock.

Insiders Place Their Bets

In other news, CFO Bryan E. Giles sold 15,000 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.40, for a total transaction of $216,000.00. Following the completion of the sale, the chief financial officer now directly owns 122,137 shares of the company's stock, valued at $1,758,772.80. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Barnard sold 7,032 shares of Mission Produce stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.51, for a total value of $102,034.32. Following the sale, the chief executive officer now owns 1,787,450 shares of the company's stock, valued at approximately $25,935,899.50. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 224,252 shares of company stock worth $3,256,786 in the last quarter. 41.60% of the stock is currently owned by corporate insiders.

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Mission Produce Stock Down 3.3 %

Shares of NASDAQ AVO traded down $0.41 during mid-day trading on Tuesday, reaching $11.94. The company had a trading volume of 180,306 shares, compared to its average volume of 261,049. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. The company has a market capitalization of $848.67 million, a price-to-earnings ratio of 23.45 and a beta of 0.48. The stock has a fifty day moving average of $12.53 and a two-hundred day moving average of $12.47. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.