Inspire Investing LLC Sells 1,458 Shares of Calavo Growers, Inc. $CVGW

Inspire Investing LLC lowered its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 9.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,255 shares of the company’s stock after selling 1,458 shares during the quarter. Inspire Investing LLC owned 0.08% of Calavo Growers worth $342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in Calavo Growers in the first quarter valued at approximately $36,000. CWM LLC increased its stake in shares of Calavo Growers by 5,960.5% during the first quarter. CWM LLC now owns 2,303 shares of the company’s stock valued at $55,000 after buying an additional 2,265 shares during the period. State of Wyoming purchased a new position in shares of Calavo Growers during the fourth quarter valued at approximately $99,000. Public Employees Retirement System of Ohio increased its stake in shares of Calavo Growers by 626.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,118 shares of the company’s stock valued at $182,000 after buying an additional 6,138 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in shares of Calavo Growers during the fourth quarter valued at approximately $219,000. Institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stephens raised Calavo Growers to a “hold” rating in a research note on Thursday, September 11th. Lake Street Capital boosted their target price on Calavo Growers from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Wall Street Zen cut Calavo Growers from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Calavo Growers presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Calavo Growers Price Performance

Shares of CVGW stock opened at $27.23 on Wednesday. Calavo Growers, Inc. has a twelve month low of $21.46 and a twelve month high of $30.02. The stock has a market cap of $486.06 million, a price-to-earnings ratio of 30.94 and a beta of 0.39. The business’s fifty day moving average is $27.04 and its 200 day moving average is $26.04. The company has a quick ratio of 1.86, a current ratio of 2.30 and a debt-to-equity ratio of 0.02.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, September 9th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Calavo Growers had a return on equity of 11.73% and a net margin of 2.28%.The firm had revenue of $178.82 million for the quarter, compared to analysts’ expectations of $195.20 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Research analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Calavo Growers’s dividend payout ratio is currently 90.91%.

Calavo Growers 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.