Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 87.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,967 shares of the company’s stock after selling 228,659 shares during the quarter. Jane Street Group LLC owned 0.19% of Calavo Growers worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CVGW. Price T Rowe Associates Inc. MD boosted its holdings in shares of Calavo Growers by 7.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,346 shares of the company’s stock worth $366,000 after buying an additional 991 shares during the period. R Squared Ltd acquired a new stake in shares of Calavo Growers during the fourth quarter worth approximately $26,000. Van ECK Associates Corp boosted its holdings in shares of 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 purchasing an additional 1,039 shares during the period. Inspire Investing LLC boosted its holdings in shares of Calavo Growers by 9.2% during the fourth quarter. Inspire Investing LLC now owns 15,713 shares of the company’s stock worth $401,000 after purchasing an additional 1,321 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Calavo Growers by 19.7% during the fourth quarter. Wells Fargo & Company MN now owns 11,942 shares of the company’s stock worth $305,000 after purchasing an additional 1,969 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Calavo Growers Stock Performance

CVGW stock opened at $25.58 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The stock has a market cap of $456.27 million, a P/E ratio of -426.33 and a beta of 0.42. The firm has a 50 day simple moving average of $25.31 and a 200 day simple moving average of $25.03. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $30.58.

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, April 1st. Calavo Growers’s dividend payout ratio is currently 148.15%.

Insider Buying and Selling

In other Calavo Growers news, EVP Michael A. Browne acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $23.69 per share, with a total value of $142,140.00. Following the completion of the transaction, the executive vice president now owns 7,500 shares in the company, valued at $177,675. The trade was a 400.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James E. Snyder acquired 3,213 shares of the business’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 transaction, the chief financial officer now owns 5,157 shares of the company’s stock, valued at approximately $120,312.81. This represents a 165.28% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 73,438 shares of company stock worth $1,771,303. 7.20% of the stock is owned by company insiders.

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.