Y Intercept Hong Kong Ltd Makes New $330,000 Investment in Calavo Growers, Inc. (NASDAQ:CVGW)

Y Intercept Hong Kong Ltd acquired a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,950 shares of the company's stock, valued at approximately $330,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Calavo Growers at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. R Squared Ltd acquired a new position in Calavo Growers during the 4th quarter worth approximately $26,000. Van ECK Associates Corp lifted its position in shares of Calavo Growers by 69.1% during the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company's stock worth $65,000 after purchasing an additional 1,039 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of Calavo Growers by 42.3% in the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company's stock valued at $93,000 after purchasing an additional 973 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Calavo Growers in the third quarter valued at $219,000. Finally, LMR Partners LLP acquired a new stake in Calavo Growers during the 3rd quarter valued at $253,000. Institutional investors and hedge funds own 81.30% of the company's stock.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased 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 report on Wednesday, January 15th.

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Calavo Growers Stock Up 5.0 %

NASDAQ CVGW traded up $1.13 during mid-day trading on Friday, reaching $23.79. 60,087 shares of the company's stock traded hands, compared to its average volume of 191,659. The company has a fifty day simple moving average of $23.75 and a 200-day simple moving average of $25.80. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $31.26. The company has a market cap of $424.25 million, a price-to-earnings ratio of -396.33 and a beta of 0.57. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. During the same period in the prior year, the business earned ($0.33) EPS. The business's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Friday, January 10th. Calavo Growers's payout ratio is currently -1,333.33%.

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.