Point72 Asia Singapore Pte. Ltd. Purchases 24,103 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Point72 Asia Singapore Pte. Ltd. boosted its stake in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 3,518.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,788 shares of the company's stock after buying an additional 24,103 shares during the quarter. Point72 Asia Singapore Pte. Ltd. owned approximately 0.14% of Calavo Growers worth $707,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Calavo Growers in the third quarter worth $746,000. BNP Paribas Financial Markets increased its position in Calavo Growers by 54.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,473 shares of the company's stock worth $1,183,000 after purchasing an additional 14,568 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Calavo Growers during the 3rd quarter worth about $357,000. DRW Securities LLC purchased a new stake in shares of Calavo Growers during the 3rd quarter worth about $401,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Calavo Growers during the 3rd quarter valued at about $825,000. Institutional investors and hedge funds own 81.30% of the company's stock.

Calavo Growers Stock Down 0.3 %

NASDAQ:CVGW traded down $0.07 during mid-day trading on Monday, reaching $27.64. The stock had a trading volume of 34,383 shares, compared to its average volume of 208,575. The stock has a market cap of $491.99 million, a P/E ratio of -55.42 and a beta of 0.58. The business's 50 day moving average is $27.83 and its 200 day moving average is $25.64. 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, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $31.26.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last announced its quarterly earnings results on Monday, September 9th. The company reported $0.57 EPS 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 company had revenue of $179.60 million for the quarter, compared to analyst estimates of $175.00 million. As a group, sell-side analysts predict 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. Shareholders of record on Wednesday, October 2nd were given a $0.20 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Calavo Growers's previous quarterly dividend of $0.10. Calavo Growers's payout ratio is currently -160.00%.

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.