Paloma Partners Management Co Acquires Shares of 20,872 Calavo Growers, Inc. (NASDAQ:CVGW)

Paloma Partners Management Co bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,872 shares of the company's stock, valued at approximately $595,000. Paloma Partners Management Co owned about 0.12% of Calavo Growers at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CVGW. Vanguard Group Inc. raised its stake in Calavo Growers by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,384,884 shares of the company's stock valued at $38,514,000 after buying an additional 4,107 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Calavo Growers by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,819 shares of the company's stock worth $357,000 after purchasing an additional 582 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Calavo Growers by 25.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 19,738 shares of the company's stock worth $448,000 after purchasing an additional 3,950 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 6,928 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Calavo Growers by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 189,032 shares of the company's stock worth $4,291,000 after purchasing an additional 5,655 shares in the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Calavo Growers Stock Performance

Shares of NASDAQ:CVGW traded down $0.76 during midday trading on Wednesday, hitting $26.78. The company had a trading volume of 119,667 shares, compared to its average volume of 208,020. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77. The company has a market cap of $476.68 million, a price-to-earnings ratio of -55.08 and a beta of 0.58. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $31.26. The company has a fifty day moving average of $27.81 and a two-hundred day moving average of $25.64.

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

Calavo Growers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Wednesday, October 2nd. This is a positive change from Calavo Growers's previous quarterly dividend of $0.10. Calavo Growers's dividend payout ratio is presently -160.00%.

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.