Calavo Growers, Inc. (NASDAQ:CVGW) Shares Bought by Jackson Square Capital LLC

Jackson Square Capital LLC boosted its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,792 shares of the company’s stock after purchasing an additional 3,478 shares during the period. Jackson Square Capital LLC’s holdings in Calavo Growers were worth $760,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in Calavo Growers in the 4th quarter valued at approximately $1,371,000. JPMorgan Chase & Co. increased its stake in Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company’s stock valued at $3,533,000 after buying an additional 85,272 shares during the period. Barclays PLC increased its stake in Calavo Growers by 338.3% in the 3rd quarter. Barclays PLC now owns 26,625 shares of the company’s stock valued at $759,000 after buying an additional 20,551 shares during the period. XTX Topco Ltd acquired a new position in Calavo Growers in the 3rd quarter valued at approximately $1,007,000. Finally, Jane Street Group LLC increased its stake in shares of Calavo Growers by 215.5% during the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock worth $7,493,000 after purchasing an additional 179,395 shares during the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Performance

Shares of CVGW opened at $24.69 on Friday. The company’s fifty day moving average is $26.02 and its 200-day moving average is $25.68. Calavo Growers, Inc. has a 12 month low of $20.30 and a 12 month high of $31.26. The firm has a market cap of $439.48 million, a price-to-earnings ratio of -49.38 and a beta of 0.59. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $169.96 million for the quarter, compared to the consensus estimate of $161.99 million. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. Calavo Growers’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.33) earnings per share. Equities analysts expect that Calavo Growers, Inc. will post 1.31 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, January 10th. Calavo Growers’s dividend payout ratio is currently -160.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital dropped their price target on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday.

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.