Point72 Asia Singapore Pte. Ltd. Buys 24,103 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 3,518.7% during the third quarter, HoldingsChannel reports. The firm owned 24,788 shares of the company’s stock after purchasing an additional 24,103 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Calavo Growers were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CVGW. Nuance Investments LLC increased its position in Calavo Growers by 25.1% during the 3rd quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock valued at $46,703,000 after purchasing an additional 328,820 shares during the period. American Century Companies Inc. increased its position in Calavo Growers by 246.7% during the 2nd quarter. American Century Companies Inc. now owns 261,316 shares of the company’s stock valued at $5,932,000 after purchasing an additional 185,946 shares during the period. Deprince Race & Zollo Inc. increased its position in Calavo Growers by 40.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company’s stock valued at $8,088,000 after purchasing an additional 103,024 shares during the period. Deerfield Management Company L.P. Series C increased its position in Calavo Growers by 566.9% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 70,514 shares of the company’s stock valued at $1,601,000 after purchasing an additional 59,940 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in Calavo Growers during the 3rd quarter valued at about $976,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Trading Up 0.3 %

NASDAQ CVGW opened at $27.71 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04. The company has a market capitalization of $493.24 million, a price-to-earnings ratio of -55.42 and a beta of 0.58. The company’s 50-day simple moving average is $27.83 and its two-hundred day simple moving average is $25.65. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $31.26.

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

Calavo Growers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Wednesday, October 2nd were given a $0.20 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from Calavo Growers’s previous quarterly dividend of $0.10. Calavo Growers’s payout ratio is presently -160.00%.

About Calavo Growers

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.