Gamco Investors INC. ET AL boosted its stake in Calavo Growers, Inc. (NASDAQ:CVGW – Free Report) by 43.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,700 shares of the company’s stock after acquiring an additional 144,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Calavo Growers were worth $10,303,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new stake in Calavo Growers in the fourth quarter valued at $26,000. Quarry LP acquired a new stake in Calavo Growers in the third quarter valued at $28,000. Tower Research Capital LLC TRC raised its holdings in Calavo Growers by 673.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $74,000 after acquiring an additional 2,416 shares in the last quarter. Van ECK Associates Corp raised its holdings in Calavo Growers by 23.1% in the third quarter. Van ECK Associates Corp now owns 3,648 shares of the company’s stock valued at $94,000 after acquiring an additional 685 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Calavo Growers by 32.3% in the fourth quarter. SG Americas Securities LLC now owns 8,117 shares of the company’s stock valued at $177,000 after acquiring an additional 1,982 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.
Calavo Growers Stock Up 1.4%
CVGW stock opened at $26.82 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.21 and a quick ratio of 1.66. Calavo Growers, Inc. has a 1-year low of $18.40 and a 1-year high of $28.98. The firm has a fifty day moving average price of $26.61 and a two-hundred day moving average price of $24.30. The firm has a market cap of $479.27 million, a price-to-earnings ratio of 30.14 and a beta of 0.44.
Calavo Growers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Friday, April 24th were given a dividend of $0.20 per share. The ex-dividend date was Friday, April 24th. This represents a $0.80 annualized dividend and a dividend yield of 3.0%. Calavo Growers’s dividend payout ratio is currently 89.89%.
Wall Street Analysts Forecast Growth
CVGW has been the topic of several recent analyst reports. Weiss Ratings raised shares of Calavo Growers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Stephens dropped their price target on Calavo Growers from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Calavo Growers currently has a consensus rating of “Hold” and an average target price of $33.50.
Read Our Latest Stock Report on Calavo Growers
About Calavo Growers
Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.
The company operates two segments: Fresh and Calavo Foods.
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