Semanteon Capital Management LP Makes New $483,000 Investment in Calavo Growers, Inc. (NASDAQ:CVGW)

Semanteon Capital Management LP bought a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,931 shares of the company’s stock, valued at approximately $483,000. Semanteon Capital Management LP owned about 0.10% of Calavo Growers as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Calavo Growers by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,384,884 shares of the company’s stock worth $38,514,000 after buying an additional 4,107 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Calavo Growers by 1.3% during 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 during the last quarter. SG Capital Management LLC raised its holdings in shares of Calavo Growers by 51.4% during the first 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 during the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Calavo Growers by 40.7% during the second 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 last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Calavo Growers by 246.7% during the second 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 last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers Stock Up 2.2 %

CVGW opened at $26.92 on Tuesday. 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 firm has a 50 day moving average price of $26.86 and a 200-day moving average price of $25.60. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $31.26. The stock has a market capitalization of $479.18 million, a price-to-earnings ratio of -299.11 and a beta of 0.57.

Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Monday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $179.60 million during the quarter, compared to analyst estimates of $175.00 million. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. Equities research analysts forecast that Calavo Growers, Inc. will post 1.15 earnings per share for the current year.

Calavo Growers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.97%. This is a positive change from Calavo Growers’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, October 2nd. Calavo Growers’s payout ratio is -888.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a 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.