IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,583 shares of the company’s stock after selling 8,003 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.32% of Calavo Growers worth $1,443,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Calavo Growers during the fourth quarter worth about $26,000. Van ECK Associates Corp increased its stake 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 worth $65,000 after purchasing an additional 1,039 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Calavo Growers during the 4th quarter worth approximately $76,000. Point72 DIFC Ltd raised its position in shares of Calavo Growers by 42.3% during the 3rd quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock worth $93,000 after purchasing an additional 973 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Calavo Growers in the 3rd quarter valued at approximately $219,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers Stock Performance

Shares of CVGW opened at $24.50 on Friday. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. The company’s 50 day simple moving average is $23.40 and its 200 day simple moving average is $25.74. The company has a market capitalization of $437.01 million, a price-to-earnings ratio of -408.33 and a beta of 0.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17.

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

Calavo Growers Announces Dividend

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 3.27%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers’s dividend payout ratio is currently 148.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CVGW shares. StockNews.com downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Lake Street Capital dropped their price objective on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

Calavo Growers 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.