Calavo Growers, Inc. (NASDAQ:CVGW) Short Interest Update

Calavo Growers, Inc. (NASDAQ:CVGW) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 611,100 shares, a drop of 6.7% from the November 30th total of 655,300 shares. Based on an average daily trading volume, of 144,300 shares, the days-to-cover ratio is currently 4.2 days. Currently, 3.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Calavo Growers

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nuance Investments LLC lifted its position in shares of Calavo Growers by 25.1% in the 3rd quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock valued at $46,703,000 after acquiring an additional 328,820 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Calavo Growers by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 718,914 shares of the company’s stock valued at $16,319,000 after purchasing an additional 9,034 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Calavo Growers by 40.7% in the second quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company’s stock worth $8,088,000 after buying an additional 103,024 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Calavo Growers by 1.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 267,268 shares of the company’s stock valued at $7,625,000 after buying an additional 4,307 shares during the period. Finally, Jane Street Group LLC raised its position in Calavo Growers by 215.5% during the third quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock valued at $7,493,000 after buying an additional 179,395 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

Calavo Growers Price Performance

Shares of CVGW traded down $0.01 during mid-day trading on Wednesday, hitting $25.50. The company’s stock had a trading volume of 144,758 shares, compared to its average volume of 203,481. Calavo Growers has a fifty-two week low of $20.30 and a fifty-two week high of $31.26. The stock has a market capitalization of $453.87 million, a price-to-earnings ratio of -51.00 and a beta of 0.58. The firm has a 50-day moving average price of $26.86 and a 200 day moving average price of $25.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77.

Calavo Growers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. Calavo Growers’s dividend payout ratio (DPR) is presently -160.00%.

Calavo Growers Company 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.