Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,970 shares of the company’s stock after selling 600 shares during the period. Alliancebernstein L.P.’s holdings in Calavo Growers were worth $382,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Calavo Growers during the fourth quarter valued at $26,000. Van ECK Associates Corp grew its position in shares of Calavo Growers by 69.1% during the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after buying an additional 1,039 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Calavo Growers during the fourth quarter worth about $76,000. Kingswood Wealth Advisors LLC bought a new position in Calavo Growers in the fourth quarter worth about $247,000. Finally, Magnetar Financial LLC acquired a new position in Calavo Growers in the fourth quarter valued at approximately $310,000. 81.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CVGW shares. StockNews.com cut Calavo Growers from a “buy” rating to a “hold” rating in a research report on Thursday. Lake Street Capital lowered their price objective on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

Calavo Growers Trading Up 6.1 %

Shares of NASDAQ:CVGW opened at $26.17 on Monday. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $23.59 and its 200 day moving average price is $25.17. The company has a market cap of $466.79 million, a PE ratio of -436.17 and a beta of 0.41. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $30.58.

Calavo Growers Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.06%. Calavo Growers’s dividend payout ratio (DPR) is presently 148.15%.

Insider Transactions at Calavo Growers

In other Calavo Growers news, CEO Lecil E. Cole bought 21,070 shares of the business’s stock in a transaction on Friday, April 11th. The shares were purchased at an average price of $23.73 per share, with a total value of $499,991.10. Following the purchase, the chief executive officer now directly owns 536,070 shares of the company’s stock, valued at approximately $12,720,941.10. The trade was a 4.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James E. Snyder purchased 3,213 shares of Calavo Growers stock in a transaction on Thursday, April 10th. The shares were acquired at an average price of $23.33 per share, with a total value of $74,959.29. Following the transaction, the chief financial officer now directly owns 5,157 shares in the company, valued at $120,312.81. This trade represents a 165.28 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 73,438 shares of company stock worth $1,771,303. Company insiders own 7.20% of the company’s stock.

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.