Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of Calavo Growers, Inc. (NASDAQ:CVGWGet Rating) by 1.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 102,925 shares of the company’s stock after selling 1,475 shares during the quarter. Raymond James & Associates’ holdings in Calavo Growers were worth $3,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Calavo Growers during the 1st quarter valued at about $37,000. FMR LLC lifted its position in Calavo Growers by 102.2% in the second quarter. FMR LLC now owns 910 shares of the company’s stock valued at $38,000 after buying an additional 460 shares during the last quarter. Van ECK Associates Corp acquired a new position in Calavo Growers in the second quarter valued at about $60,000. KBC Group NV acquired a new position in Calavo Growers in the second quarter valued at about $62,000. Finally, Captrust Financial Advisors lifted its position in Calavo Growers by 17.0% in the second quarter. Captrust Financial Advisors now owns 2,089 shares of the company’s stock valued at $87,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Calavo Growers Stock Up 0.4 %

Shares of NASDAQ:CVGW opened at $31.79 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 0.85. The firm has a market capitalization of $563.70 million, a PE ratio of -88.30 and a beta of 0.68. The firm’s 50-day moving average is $33.22 and its two-hundred day moving average is $36.26. Calavo Growers, Inc. has a 1 year low of $27.29 and a 1 year high of $45.50.

Calavo Growers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th were paid a dividend of $0.287 per share. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $1.15 dividend on an annualized basis and a yield of 3.61%. Calavo Growers’s dividend payout ratio (DPR) is presently -319.44%.

Analysts Set New Price Targets

A number of research firms have commented on CVGW. Lake Street Capital decreased their target price on shares of Calavo Growers from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, December 21st. StockNews.com began coverage on shares of Calavo Growers in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Calavo Growers Company 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 through two segments, Grown and Prepared. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.

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

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