Squarepoint Ops LLC Purchases Shares of 31,899 Calavo Growers, Inc. (NASDAQ:CVGW)

Squarepoint Ops LLC purchased a new position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,899 shares of the company's stock, valued at approximately $724,000. Squarepoint Ops LLC owned approximately 0.18% of Calavo Growers at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in Calavo Growers in the 2nd quarter worth about $56,000. Garner Asset Management Corp purchased a new stake in Calavo Growers in the fourth quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Calavo Growers by 40.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company's stock valued at $87,000 after purchasing an additional 1,100 shares during the last quarter. EntryPoint Capital LLC grew its stake in Calavo Growers by 318.4% in the 1st quarter. EntryPoint Capital LLC now owns 5,380 shares of the company's stock worth $150,000 after buying an additional 4,094 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Calavo Growers by 13.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 9,841 shares of the company's stock worth $274,000 after buying an additional 1,192 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Calavo Growers Price Performance

Shares of Calavo Growers stock traded down $0.21 during trading on Tuesday, hitting $28.59. 150,097 shares of the stock traded hands, compared to its average volume of 225,095. The stock has a market cap of $508.90 million, a price-to-earnings ratio of -317.67 and a beta of 0.57. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The firm's fifty day moving average is $25.45 and its 200-day moving average is $25.48.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $179.60 million for the quarter, compared to analysts' expectations of $175.00 million. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. Research analysts expect that Calavo Growers, Inc. will post 1.15 EPS for the current fiscal year.

Calavo Growers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd will be paid a $0.20 dividend. The ex-dividend date is Wednesday, October 2nd. This is an increase from Calavo Growers's previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 2.80%. Calavo Growers's payout ratio is currently -888.89%.

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.