Northern Trust Corp Purchases 10,656 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Northern Trust Corp grew its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,393 shares of the company’s stock after purchasing an additional 10,656 shares during the quarter. Northern Trust Corp owned about 0.93% of Calavo Growers worth $4,243,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Calavo Growers in the 4th quarter valued at $26,000. Van ECK Associates Corp lifted its stake in shares of Calavo Growers by 69.1% in the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after purchasing an additional 1,039 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Calavo Growers in the 4th quarter valued at $76,000. Aquatic Capital Management LLC acquired a new position in shares of Calavo Growers in the 4th quarter valued at $86,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Calavo Growers by 139.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company’s stock valued at $138,000 after purchasing an additional 3,141 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Insider Buying and Selling

In other Calavo Growers news, EVP Michael A. Browne acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average price of $23.12 per share, with a total value of $115,600.00. Following the purchase, the executive vice president now owns 6,400 shares of the company’s stock, valued at $147,968. This represents a 357.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James E. Snyder acquired 3,213 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of $23.33 per share, for a total transaction of $74,959.29. Following the purchase, the chief financial officer now directly owns 5,157 shares in the company, valued at $120,312.81. This trade represents a 165.28% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 73,438 shares of company stock valued at $1,771,303. 7.20% of the stock is owned by company insiders.

Calavo Growers Stock Performance

CVGW stock opened at $25.51 on Friday. The business’s fifty day moving average is $25.27 and its 200-day moving average is $25.05. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The company has a market cap of $455.02 million, a P/E ratio of -425.17 and a beta of 0.42. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $30.58.

Calavo Growers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers’s payout ratio is presently 148.15%.

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.