Texas Permanent School Fund Buys 272 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Texas Permanent School Fund raised its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGWGet Rating) by 2.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,805 shares of the company’s stock after acquiring an additional 272 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Calavo Growers worth $534,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State of Tennessee Treasury Department lifted its stake in shares of Calavo Growers by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 6,317 shares of the company’s stock worth $230,000 after purchasing an additional 957 shares during the period. Sageworth Trust Co bought a new position in shares of Calavo Growers in the 2nd quarter worth approximately $116,000. State of Alaska Department of Revenue lifted its stake in shares of Calavo Growers by 8.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,400 shares of the company’s stock worth $559,000 after purchasing an additional 1,100 shares during the period. American Research & Management Co. lifted its stake in shares of Calavo Growers by 25.9% in the 2nd quarter. American Research & Management Co. now owns 15,820 shares of the company’s stock worth $660,000 after purchasing an additional 3,250 shares during the period. Finally, Dumont & Blake Investment Advisors LLC bought a new position in shares of Calavo Growers in the 2nd quarter worth approximately $203,000. Institutional investors own 75.80% of the company’s stock.

Calavo Growers Price Performance

NASDAQ CVGW opened at $37.41 on Tuesday. Calavo Growers, Inc. has a 12 month low of $28.76 and a 12 month high of $45.50. The stock has a market cap of $663.35 million, a price-to-earnings ratio of -41.57 and a beta of 0.65. The company’s 50 day moving average is $33.63 and its two-hundred day moving average is $37.24. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.13.

Calavo Growers (NASDAQ:CVGWGet Rating) last released its earnings results on Thursday, September 1st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.20). Calavo Growers had a positive return on equity of 3.05% and a negative net margin of 1.30%. The firm had revenue of $341.99 million for the quarter, compared to the consensus estimate of $335.88 million. During the same quarter in the previous year, the business posted ($0.17) EPS. Calavo Growers’s revenue was up 20.0% on a year-over-year basis. As a group, research analysts anticipate that Calavo Growers, Inc. will post 0.85 earnings per share for the current year.

Calavo Growers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, November 15th. Calavo Growers’s dividend payout ratio (DPR) is currently -127.78%.

Insider Buying and Selling at Calavo Growers

In related news, Director Steve Hollister acquired 1,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was acquired at an average cost of $31.67 per share, with a total value of $31,670.00. Following the acquisition, the director now directly owns 32,164 shares in the company, valued at approximately $1,018,633.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Steve Hollister acquired 1,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was acquired at an average cost of $31.67 per share, with a total value of $31,670.00. Following the acquisition, the director now directly owns 32,164 shares in the company, valued at approximately $1,018,633.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James D. Helin sold 2,000 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $32.00, for a total transaction of $64,000.00. Following the sale, the director now directly owns 26,314 shares of the company’s stock, valued at $842,048. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CVGW shares. StockNews.com started coverage on shares of Calavo Growers in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Stephens decreased their target price on shares of Calavo Growers to $39.00 in a research note on Tuesday, September 6th.

Calavo Growers Profile

(Get Rating)

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 in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG).

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Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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