SG Americas Securities LLC Purchases 50,835 Shares of Mission Produce, Inc. (NASDAQ:AVO)

SG Americas Securities LLC lifted its position in Mission Produce, Inc. (NASDAQ:AVO) by 319.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,771 shares of the company’s stock after purchasing an additional 50,835 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Mission Produce worth $700,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Mission Produce in the fourth quarter worth $57,000. Ameriflex Group Inc. purchased a new position in Mission Produce in the fourth quarter worth $57,000. State of Wyoming purchased a new position in Mission Produce in the fourth quarter worth $63,000. KLP Kapitalforvaltning AS purchased a new position in Mission Produce in the fourth quarter worth $114,000. Finally, New York State Common Retirement Fund grew its position in Mission Produce by 72.6% in the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock worth $137,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

Insider Buying and Selling

In other news, CFO Bryan E. Giles sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 35.41% of the stock is owned by company insiders.

Mission Produce Stock Up 0.2%

Shares of NASDAQ:AVO opened at $12.56 on Friday. Mission Produce, Inc. has a 52-week low of $9.54 and a 52-week high of $15.25. The firm has a fifty day moving average of $10.84 and a 200 day moving average of $11.54. The firm has a market capitalization of $886.99 million, a PE ratio of 25.12 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.23 and a current ratio of 1.98.

Mission Produce (NASDAQ:AVO) last announced its earnings results on Thursday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. Mission Produce had a net margin of 2.63% and a return on equity of 7.82%. The company had revenue of $380.30 million during the quarter, compared to analyst estimates of $296.15 million. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, research analysts anticipate that Mission Produce, Inc. will post 0.34 EPS for the current fiscal 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.