GAMMA Investing LLC Buys 3,126 Shares of Mission Produce, Inc. (NASDAQ:AVO)

GAMMA Investing LLC boosted its stake in Mission Produce, Inc. (NASDAQ:AVO) by 1,255.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,375 shares of the company’s stock after purchasing an additional 3,126 shares during the quarter. GAMMA Investing LLC’s holdings in Mission Produce were worth $322,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in shares of Mission Produce in the fourth quarter worth approximately $57,000. New York State Common Retirement Fund boosted its position in shares of 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 valued at $137,000 after buying an additional 4,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Mission Produce by 36.5% during the fourth quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company’s stock worth $2,362,000 after buying an additional 43,957 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Mission Produce during the fourth quarter worth $2,147,000. Finally, Proficio Capital Partners LLC purchased a new stake in Mission Produce in the 4th quarter valued at $173,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mission Produce news, CFO Bryan E. Giles sold 3,500 shares of Mission Produce stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.43, for a total transaction of $40,005.00. Following the transaction, the chief financial officer now directly owns 131,062 shares of the company’s stock, valued at approximately $1,498,038.66. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 35.41% of the stock is owned by company insiders.

Mission Produce Stock Performance

AVO stock opened at $12.56 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.29. The firm has a market cap of $886.99 million, a PE ratio of 25.12 and a beta of 0.56. The business has a 50 day moving average of $10.84 and a 200-day moving average of $11.54. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. Mission Produce had a return on equity of 7.82% and a net margin of 2.63%. The business had revenue of $380.30 million for the quarter, compared to the consensus estimate of $296.15 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Mission Produce’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, sell-side analysts expect that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

Mission Produce Profile

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.