Kingswood Wealth Advisors LLC Sells 13,100 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Kingswood Wealth Advisors LLC reduced its position in shares of Calavo Growers, Inc. (NASDAQ:CVGWFree Report) by 45.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,788 shares of the company’s stock after selling 13,100 shares during the quarter. Kingswood Wealth Advisors LLC owned about 0.09% of Calavo Growers worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Garner Asset Management Corp purchased a new position in Calavo Growers during the fourth quarter valued at approximately $90,000. Louisiana State Employees Retirement System purchased a new stake in shares of Calavo Growers during the 4th quarter worth $262,000. Boston Partners bought a new stake in Calavo Growers during the fourth quarter valued at about $351,000. First Dallas Securities Inc. purchased a new position in Calavo Growers in the third quarter valued at about $555,000. Finally, Swiss National Bank raised its holdings in Calavo Growers by 1.4% in the third quarter. Swiss National Bank now owns 37,200 shares of the company’s stock worth $939,000 after purchasing an additional 500 shares in the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

Get Our Latest Report on Calavo Growers

Calavo Growers Stock Down 2.4 %

Shares of CVGW stock opened at $22.46 on Friday. The stock’s fifty day moving average price is $26.38 and its 200 day moving average price is $27.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.97 and a quick ratio of 1.66. Calavo Growers, Inc. has a 1-year low of $21.42 and a 1-year high of $38.97. The company has a market cap of $399.70 million, a price-to-earnings ratio of -249.50 and a beta of 0.61.

Calavo Growers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Tuesday, July 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, July 2nd. Calavo Growers’s payout ratio is currently -444.44%.

About Calavo Growers

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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