BNP Paribas Financial Markets Sells 16,318 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

BNP Paribas Financial Markets cut its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 39.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,155 shares of the company’s stock after selling 16,318 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.14% of Calavo Growers worth $641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Calavo Growers during the fourth quarter worth $26,000. Van ECK Associates Corp boosted its stake in Calavo Growers by 69.1% during the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock worth $65,000 after acquiring an additional 1,039 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Calavo Growers during the fourth quarter worth $76,000. Aquatic Capital Management LLC bought a new position in Calavo Growers during the fourth quarter worth $86,000. Finally, Tower Research Capital LLC TRC boosted its stake in Calavo Growers by 139.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company’s stock worth $138,000 after acquiring an additional 3,141 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Calavo Growers Stock Up 0.3%

Calavo Growers stock opened at $25.58 on Friday. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.58. The firm has a market capitalization of $456.27 million, a price-to-earnings ratio of -426.33 and a beta of 0.42. The firm’s fifty day moving average price is $25.31 and its two-hundred day moving average price is $25.03. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

Calavo Growers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, April 1st. Calavo Growers’s dividend payout ratio (DPR) is 148.15%.

Insider Buying and Selling at Calavo Growers

In related news, CEO Lecil E. Cole acquired 38,155 shares of the stock in a transaction on Monday, April 14th. The shares were acquired at an average price of $24.60 per share, with a total value of $938,613.00. Following the completion of the transaction, the chief executive officer now owns 574,225 shares in the company, valued at approximately $14,125,935. The trade was a 7.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael A. Browne acquired 6,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the transaction, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. This trade represents a 400.00% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 73,438 shares of company stock valued at $1,771,303. Corporate insiders own 7.20% of the company’s stock.

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.