Los Angeles Capital Management LLC Purchases Shares of 149,422 Mission Produce, Inc. (NASDAQ:AVO)

Los Angeles Capital Management LLC acquired a new position in shares of Mission Produce, Inc. (NASDAQ:AVO) in the 4th quarter, Holdings Channel reports. The fund acquired 149,422 shares of the company’s stock, valued at approximately $2,147,000.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in Mission Produce in the 4th quarter valued at approximately $34,000. New York State Teachers Retirement System bought a new stake in shares of Mission Produce in the fourth quarter worth $57,000. Quantbot Technologies LP bought a new stake in shares of Mission Produce in the third quarter worth $76,000. Quarry LP acquired a new position in Mission Produce during the third quarter worth $114,000. Finally, Martingale Asset Management L P bought a new position in Mission Produce in the third quarter valued at $129,000. 63.57% of the stock is currently owned by institutional investors.

Insider Activity at Mission Produce

In other Mission Produce news, CEO Stephen J. Barnard sold 7,032 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.51, for a total value of $102,034.32. Following the completion of the sale, the chief executive officer now owns 1,787,450 shares in the company, valued at $25,935,899.50. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bryan E. Giles sold 15,000 shares of Mission Produce stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.40, for a total transaction of $216,000.00. Following the completion of the transaction, the chief financial officer now directly owns 122,137 shares of the company’s stock, valued at approximately $1,758,772.80. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,252 shares of company stock valued at $3,256,786. 41.60% of the stock is owned by insiders.

Mission Produce Trading Up 0.8 %

Shares of NASDAQ:AVO opened at $12.35 on Friday. The company’s 50-day moving average price is $12.57 and its two-hundred day moving average price is $12.42. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The stock has a market capitalization of $875.80 million, a PE ratio of 24.22 and a beta of 0.48.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.