Sei Investments Co. Takes $325,000 Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Sei Investments Co. purchased a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,729 shares of the company's stock, valued at approximately $325,000. Sei Investments Co. owned about 0.07% of Calavo Growers as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CVGW. Assenagon Asset Management S.A. bought a new position in shares of Calavo Growers in the fourth quarter valued at approximately $1,371,000. JPMorgan Chase & Co. grew its stake in Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company's stock worth $3,533,000 after buying an additional 85,272 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Calavo Growers in the 4th quarter worth $310,000. Raymond James Financial Inc. bought a new stake in shares of Calavo Growers during the 4th quarter worth $709,000. Finally, Barclays PLC increased its stake in Calavo Growers by 338.3% in the third quarter. Barclays PLC now owns 26,625 shares of the company's stock valued at $759,000 after acquiring an additional 20,551 shares during the last quarter. Hedge funds and other institutional investors own 81.30% of the company's stock.

Insider Buying and Selling

In related news, EVP Michael A. Browne purchased 6,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $23.69 per share, for a total transaction of $142,140.00. Following the purchase, the executive vice president now directly owns 7,500 shares of the company's stock, valued at approximately $177,675. This represents a 400.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James E. Snyder acquired 3,213 shares of the stock in a transaction on Thursday, April 10th. The shares were bought at an average price of $23.33 per share, with a total value of $74,959.29. Following the purchase, the chief financial officer now directly owns 5,157 shares of the company's stock, valued at $120,312.81. The trade was a 165.28 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 35,283 shares of company stock worth $832,690 in the last three months. 7.20% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CVGW shares. Lake Street Capital cut their price objective on shares of Calavo Growers from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com downgraded shares of Calavo Growers from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th.

Calavo Growers Trading Up 2.3 %

CVGW stock traded up $0.55 on Wednesday, reaching $24.65. The company's stock had a trading volume of 29,404 shares, compared to its average volume of 209,064. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The business has a fifty day simple moving average of $23.40 and a two-hundred day simple moving average of $25.26. The firm has a market cap of $439.75 million, a PE ratio of -411.00 and a beta of 0.41. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $30.58.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The company had revenue of $169.96 million during the quarter, compared to analysts' expectations of $161.99 million. During the same quarter last year, the business earned ($0.33) earnings per share. The business's quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Tuesday, April 1st. Calavo Growers's dividend payout ratio (DPR) is presently 148.15%.

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.