Amalgamated Bank Lowers Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Amalgamated Bank trimmed its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,123 shares of the company’s stock after selling 614 shares during the period. Amalgamated Bank’s holdings in Calavo Growers were worth $116,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Calavo Growers by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,384,884 shares of the company’s stock valued at $38,514,000 after buying an additional 4,107 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Calavo Growers by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 718,914 shares of the company’s stock valued at $16,319,000 after acquiring an additional 9,034 shares during the last quarter. SG Capital Management LLC boosted its holdings in shares of Calavo Growers by 51.4% during the first quarter. SG Capital Management LLC now owns 404,278 shares of the company’s stock worth $11,243,000 after purchasing an additional 137,325 shares during the period. American Century Companies Inc. grew its stake in shares of Calavo Growers by 246.7% in the second quarter. American Century Companies Inc. now owns 261,316 shares of the company’s stock worth $5,932,000 after purchasing an additional 185,946 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Calavo Growers by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 189,032 shares of the company’s stock valued at $4,291,000 after purchasing an additional 5,655 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Calavo Growers Stock Up 0.8 %

Shares of Calavo Growers stock opened at $28.77 on Wednesday. The company’s fifty day simple moving average is $24.97 and its two-hundred day simple moving average is $25.48. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $31.26. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. The company has a market cap of $512.11 million, a P/E ratio of -319.67 and a beta of 0.56.

Calavo Growers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Calavo Growers’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 2.78%. Calavo Growers’s dividend payout ratio (DPR) is -888.89%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

About Calavo Growers

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.