Russell Investments Group Ltd. Purchases 21,584 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Russell Investments Group Ltd. increased its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 335,914 shares of the company’s stock after buying an additional 21,584 shares during the quarter. Russell Investments Group Ltd.’s holdings in Calavo Growers were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Calavo Growers in the 4th quarter valued at approximately $26,000. Van ECK Associates Corp raised its position in 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 during the last quarter. Inspire Investing LLC raised its position in Calavo Growers by 9.2% during the 4th quarter. Inspire Investing LLC now owns 15,713 shares of the company’s stock worth $401,000 after purchasing an additional 1,321 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Calavo Growers by 19.7% during the 4th quarter. Wells Fargo & Company MN now owns 11,942 shares of the company’s stock worth $305,000 after buying an additional 1,969 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Calavo Growers in the 4th quarter valued at about $76,000. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

CVGW has been the subject of a number of analyst reports. StockNews.com downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Lake Street Capital lowered their price target on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

Calavo Growers Stock Performance

Shares of CVGW opened at $23.97 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $23.33 and its two-hundred day simple moving average is $25.31. Calavo Growers, Inc. has a 12 month low of $20.30 and a 12 month high of $30.58. The stock has a market capitalization of $427.55 million, a P/E ratio of -399.50 and a beta of 0.41.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The business had revenue of $169.96 million during the quarter, compared to analyst estimates of $161.99 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts predict that Calavo Growers, Inc. will post 1.87 EPS 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers’s dividend payout ratio (DPR) is 148.15%.

Insider Activity

In related news, CFO James E. Snyder acquired 3,213 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were bought 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 of the company’s stock, valued at $120,312.81. This trade represents a 165.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael A. Browne bought 6,000 shares of Calavo Growers stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $23.69 per share, with a total value of $142,140.00. Following the completion of the purchase, the executive vice president now owns 7,500 shares in the company, valued at $177,675. This trade represents a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 14,213 shares of company stock worth $332,699 in the last quarter. 7.20% of the stock is owned by corporate insiders.

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.