Semanteon Capital Management LP Buys New Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Semanteon Capital Management LP purchased a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the third quarter, HoldingsChannel reports. The firm purchased 16,931 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Calavo Growers in the third quarter worth approximately $4,880,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Calavo Growers by 25.6% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 64,586 shares of the company’s stock worth $1,843,000 after purchasing an additional 13,156 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Calavo Growers in the third quarter worth approximately $976,000. Deerfield Management Company L.P. Series C boosted its position in shares of Calavo Growers by 566.9% in the second 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 during the period. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Calavo Growers by 40.7% in the second 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 period. 81.30% of the stock is currently owned by institutional investors.

Calavo Growers Price Performance

CVGW stock opened at $26.92 on Tuesday. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $31.26. The company’s fifty day moving average price is $26.86 and its 200-day moving average price is $25.60. 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 $479.18 million, a PE ratio of -299.11 and a beta of 0.57.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Monday, September 9th. The company reported $0.57 EPS for the quarter, topping the consensus estimate 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. On average, equities analysts anticipate that Calavo Growers, Inc. will post 1.15 EPS for the current fiscal year.

Calavo Growers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Wednesday, October 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Calavo Growers’s previous quarterly dividend of $0.10. Calavo Growers’s payout ratio is -888.89%.

Wall Street Analysts Forecast Growth

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.