Calavo Growers, Inc. (NASDAQ:CVGW - Get Free Report) CEO Lecil E. Cole acquired 21,070 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of $23.73 per share, for a total transaction of $499,991.10. Following the completion of the purchase, the chief executive officer now directly owns 536,070 shares of the company's stock, valued at $12,720,941.10. The trade was a 4.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Calavo Growers Trading Down 2.8 %
Shares of Calavo Growers stock opened at $24.10 on Wednesday. The firm's 50 day moving average is $23.40 and its 200 day moving average is $25.26. The firm has a market capitalization of $429.87 million, a PE ratio of -401.67 and a beta of 0.41. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. 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 (NASDAQ:CVGW - Get Free Report) last released its quarterly earnings results on Tuesday, January 14th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The firm had revenue of $169.96 million for the quarter, compared to the consensus estimate of $161.99 million. During the same quarter last year, the firm posted ($0.33) earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.
Calavo Growers Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Tuesday, April 1st. Calavo Growers's dividend payout ratio is presently 148.15%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. StockNews.com downgraded Calavo Growers from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Lake Street Capital reduced their price objective on Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th.
View Our Latest Research Report on CVGW
Hedge Funds Weigh In On Calavo Growers
Hedge funds have recently bought and sold shares of the company. Nuance Investments LLC grew its position in shares of Calavo Growers by 1.6% during the 4th quarter. Nuance Investments LLC now owns 1,663,515 shares of the company's stock worth $42,420,000 after buying an additional 26,546 shares during the period. Vanguard Group Inc. grew its holdings in Calavo Growers by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 1,148,505 shares of the company's stock worth $29,287,000 after purchasing an additional 22,777 shares during the period. Dimensional Fund Advisors LP increased its stake in Calavo Growers by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 698,701 shares of the company's stock valued at $17,817,000 after purchasing an additional 34,263 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Calavo Growers by 26.8% during the fourth quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock valued at $11,368,000 after purchasing an additional 94,221 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Calavo Growers by 6.9% during the 4th quarter. Russell Investments Group Ltd. now owns 335,914 shares of the company's stock worth $8,566,000 after purchasing an additional 21,584 shares in the last quarter. Institutional investors own 81.30% of the company's stock.
Calavo Growers Company Profile
(
Get Free Report)
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.
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