ProShare Advisors LLC Buys Shares of 12,240 Mission Produce, Inc. (NASDAQ:AVO)

ProShare Advisors LLC bought a new stake in Mission Produce, Inc. (NASDAQ:AVO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,240 shares of the company’s stock, valued at approximately $176,000.

A number of other large investors also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Mission Produce during the fourth quarter worth about $34,000. New York State Teachers Retirement System purchased a new stake in Mission Produce during the fourth quarter worth about $57,000. KLP Kapitalforvaltning AS purchased a new stake in Mission Produce during the fourth quarter worth about $114,000. New York State Common Retirement Fund increased its stake in Mission Produce by 72.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock worth $137,000 after purchasing an additional 4,000 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in Mission Produce during the fourth quarter worth about $166,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Insiders Place Their Bets

In related news, insider Juan R. Wiesner sold 75,153 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the sale, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 35.41% of the company’s stock.

Mission Produce Stock Up 3.0%

Shares of NASDAQ:AVO opened at $11.29 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The firm has a market capitalization of $802.40 million, a PE ratio of 22.14 and a beta of 0.54. The firm’s 50-day moving average is $10.35 and its two-hundred day moving average is $11.66. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.