Teton Advisors Inc. Reduces Stake in Calavo Growers, Inc. (NASDAQ:CVGW)

Teton Advisors Inc. lowered its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 16.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 39,200 shares of the company’s stock after selling 7,800 shares during the quarter. Teton Advisors Inc. owned approximately 0.22% of Calavo Growers worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Boston Partners purchased a new stake in Calavo Growers in the 4th quarter worth approximately $351,000. Dimensional Fund Advisors LP lifted its stake in shares of Calavo Growers by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 688,845 shares of the company’s stock valued at $20,259,000 after purchasing an additional 60,803 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Calavo Growers by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,098 shares of the company’s stock valued at $10,238,000 after purchasing an additional 26,434 shares during the period. Russell Investments Group Ltd. increased its position in Calavo Growers by 134.8% during the 4th quarter. Russell Investments Group Ltd. now owns 280,584 shares of the company’s stock valued at $8,252,000 after buying an additional 161,100 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Calavo Growers during the 4th quarter valued at approximately $262,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Up 1.5 %

Shares of Calavo Growers stock traded up $0.44 on Thursday, reaching $28.91. The company’s stock had a trading volume of 225,350 shares, compared to its average volume of 179,191. The company has a market capitalization of $514.60 million, a price-to-earnings ratio of -43.14 and a beta of 0.62. The firm’s fifty day simple moving average is $27.56 and its two-hundred day simple moving average is $26.97. Calavo Growers, Inc. has a 52 week low of $21.42 and a 52 week high of $38.97. The company has a quick ratio of 1.70, a current ratio of 2.03 and a debt-to-equity ratio of 0.24.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Monday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). The business had revenue of $127.60 million during the quarter, compared to the consensus estimate of $254.25 million. Calavo Growers had a positive return on equity of 0.49% and a negative net margin of 1.32%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. Equities analysts anticipate that Calavo Growers, Inc. will post 1.04 earnings per share for the current year.

Calavo Growers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 28th. Calavo Growers’s payout ratio is currently -60.61%.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “equal weight” rating and set a $32.00 price objective on shares of Calavo Growers in a research report on Wednesday, January 17th.

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.