Landscape Capital Management L.L.C. Buys Shares of 28,908 Calavo Growers, Inc. (NASDAQ:CVGW)

Landscape Capital Management L.L.C. purchased a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the third quarter, HoldingsChannel reports. The firm purchased 28,908 shares of the company’s stock, valued at approximately $825,000.

Several other institutional investors and hedge funds have also made changes to their positions in CVGW. Nuance Investments LLC boosted its stake in Calavo Growers by 25.1% during the third quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock valued at $46,703,000 after buying an additional 328,820 shares in the last quarter. American Century Companies Inc. lifted its holdings in Calavo Growers by 246.7% in the 2nd quarter. American Century Companies Inc. now owns 261,316 shares of the company’s stock valued at $5,932,000 after acquiring an additional 185,946 shares during the last quarter. SG Capital Management LLC boosted its position in shares of Calavo Growers by 51.4% during the 1st quarter. SG Capital Management LLC now owns 404,278 shares of the company’s stock valued at $11,243,000 after purchasing an additional 137,325 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Calavo Growers by 40.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company’s stock worth $8,088,000 after purchasing an additional 103,024 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C raised its holdings in shares of Calavo Growers by 566.9% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 70,514 shares of the company’s stock worth $1,601,000 after purchasing an additional 59,940 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Calavo Growers Stock Up 0.1 %

Shares of Calavo Growers stock opened at $27.17 on Friday. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $31.26. The firm has a market capitalization of $483.68 million, a PE ratio of -54.34 and a beta of 0.58. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $27.96 and its 200-day moving average is $25.70.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Monday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. The firm had revenue of $179.60 million for the quarter, compared to the consensus estimate of $175.00 million. Equities analysts anticipate that Calavo Growers, Inc. will post 1.31 earnings per share for the current year.

Calavo Growers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Wednesday, October 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Wednesday, October 2nd. This is an increase from Calavo Growers’s previous quarterly dividend of $0.10. Calavo Growers’s dividend payout ratio is -160.00%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

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.