Nuance Investments LLC Has $46.70 Million Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Nuance Investments LLC grew its stake in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,636,969 shares of the company's stock after purchasing an additional 328,820 shares during the quarter. Calavo Growers makes up approximately 1.6% of Nuance Investments LLC's holdings, making the stock its 20th biggest holding. Nuance Investments LLC owned about 9.20% of Calavo Growers worth $46,703,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Calavo Growers during the second quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 buying an additional 1,100 shares during the last quarter. EntryPoint Capital LLC boosted its position in shares of Calavo Growers by 318.4% during the first quarter. EntryPoint Capital LLC now owns 5,380 shares of the company's stock worth $150,000 after buying an additional 4,094 shares during the period. LMR Partners LLP acquired a new position in shares of Calavo Growers during the third quarter worth approximately $253,000. Finally, SG Americas Securities LLC grew its holdings in Calavo Growers by 126.7% in the 2nd quarter. SG Americas Securities LLC now owns 12,395 shares of the company's stock worth $281,000 after buying an additional 6,928 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

Calavo Growers Price Performance

Shares of Calavo Growers stock traded down $0.01 on Wednesday, hitting $27.09. The company had a trading volume of 76,315 shares, compared to its average volume of 211,575. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The company has a market cap of $482.20 million, a PE ratio of -54.18 and a beta of 0.58. The business has a 50-day simple moving average of $28.05 and a 200-day simple moving average of $25.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77.

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

Calavo Growers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, October 2nd. This is an increase from Calavo Growers's previous quarterly dividend of $0.10. Calavo Growers's dividend payout ratio (DPR) is -160.00%.

Analyst Upgrades and Downgrades

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

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.