22,002 Shares in Calavo Growers, Inc. (NASDAQ:CVGW) Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. bought a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,002 shares of the company’s stock, valued at approximately $561,000. Ameriprise Financial Inc. owned approximately 0.12% of Calavo Growers as of its most recent SEC filing.

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

Insider Activity at Calavo Growers

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

Calavo Growers Stock Down 1.2%

Calavo Growers stock opened at $27.12 on Wednesday. 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 $483.74 million, a price-to-earnings ratio of -452.00 and a beta of 0.42. The firm’s fifty day moving average price is $25.69 and its two-hundred day moving average price is $24.94. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, April 1st. Calavo Growers’s payout ratio is currently 148.15%.

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.

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.