Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 159,517 shares of the company’s stock after selling 2,853 shares during the period. New York State Common Retirement Fund’s holdings in Calavo Growers were worth $4,068,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CVGW. R Squared Ltd acquired a new position in Calavo Growers in the 4th quarter valued at $26,000. Van ECK Associates Corp raised its holdings in Calavo Growers by 69.1% in the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after acquiring an additional 1,039 shares during the last quarter. Point72 DIFC Ltd raised its holdings in Calavo Growers by 42.3% in the 3rd quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after acquiring an additional 973 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Calavo Growers in the 3rd quarter valued at $219,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Calavo Growers in the 4th quarter valued at $247,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital cut their price target on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

Calavo Growers Stock Up 0.1 %

Shares of NASDAQ CVGW opened at $22.92 on Friday. Calavo Growers, Inc. has a 52-week low of $20.30 and a 52-week high of $31.26. The firm has a fifty day moving average of $23.92 and a 200-day moving average of $25.81. The stock has a market capitalization of $408.82 million, a PE ratio of -382.00 and a beta of 0.57. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The company had revenue of $169.96 million for the quarter, compared to analysts’ expectations of $161.99 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts anticipate that Calavo Growers, Inc. will post 1.87 EPS for the current year.

Calavo Growers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.80 annualized dividend and a dividend yield of 3.49%. Calavo Growers’s dividend payout ratio is presently -1,333.33%.

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.