12,144 Shares in Calavo Growers, Inc. (NASDAQ:CVGW) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in Calavo Growers, Inc. (NASDAQ:CVGW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,144 shares of the company’s stock, valued at approximately $310,000. Magnetar Financial LLC owned about 0.07% of Calavo Growers at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CVGW. R Squared Ltd bought a new position in Calavo Growers during the fourth quarter valued at approximately $26,000. Van ECK Associates Corp grew its position in Calavo Growers by 69.1% during the fourth 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 grew its position in Calavo Growers by 42.3% during the third 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 bought a new position in Calavo Growers during the third quarter valued at approximately $219,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Calavo Growers during the fourth quarter valued at approximately $247,000. 81.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CVGW shares. StockNews.com cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Friday. Lake Street Capital reduced their price target on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

Calavo Growers Stock Performance

NASDAQ:CVGW opened at $24.06 on Friday. The firm has a market cap of $429.16 million, a PE ratio of -401.00 and a beta of 0.57. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $30.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The business has a 50 day moving average price of $23.39 and a 200-day moving average price of $25.75.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The company had revenue of $169.96 million for the quarter, compared to analysts’ expectations of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company posted ($0.33) EPS. Equities research analysts predict that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers’s dividend payout ratio (DPR) is presently 148.15%.

Calavo Growers Company Profile

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.