Calavo Growers, Inc. (NASDAQ:CVGW) Shares Acquired by Nuance Investments LLC

Nuance Investments LLC lifted its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,663,515 shares of the company’s stock after purchasing an additional 26,546 shares during the quarter. Calavo Growers makes up 1.7% of Nuance Investments LLC’s investment portfolio, making the stock its 19th biggest holding. Nuance Investments LLC owned about 9.32% of Calavo Growers worth $42,420,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Calavo Growers in the 4th quarter valued at $26,000. Van ECK Associates Corp increased its holdings in shares of Calavo Growers by 69.1% in the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after purchasing an additional 1,039 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Calavo Growers during the fourth quarter worth approximately $76,000. Point72 DIFC Ltd lifted its holdings in shares of Calavo Growers by 42.3% during the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock worth $93,000 after purchasing an additional 973 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in Calavo Growers in the 3rd quarter valued at $219,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Lake Street Capital reduced their price target on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

Calavo Growers Stock Down 0.8 %

Shares of NASDAQ CVGW opened at $23.43 on Wednesday. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $30.58. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $417.92 million, a price-to-earnings ratio of -390.50 and a beta of 0.57. The firm has a 50-day moving average price of $23.37 and a 200 day moving average price of $25.76.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $169.96 million for the quarter, compared to analysts’ expectations of $161.99 million. Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. Equities research analysts anticipate that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.41%. Calavo Growers’s dividend payout ratio is currently 148.15%.

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.