DRW Securities LLC Invests $401,000 in Calavo Growers, Inc. (NASDAQ:CVGW)

DRW Securities LLC bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,064 shares of the company’s stock, valued at approximately $401,000. DRW Securities LLC owned about 0.08% of Calavo Growers as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. purchased a new stake in Calavo Growers during the third quarter valued at about $825,000. Nuance Investments LLC boosted its holdings 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 acquiring an additional 328,820 shares during the period. LMR Partners LLP purchased a new stake in Calavo Growers during the 3rd quarter valued at about $253,000. Semanteon Capital Management LP bought a new position in Calavo Growers during the 3rd quarter worth approximately $483,000. Finally, International Assets Investment Management LLC purchased a new position in Calavo Growers in the 3rd quarter worth approximately $4,880,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Price Performance

CVGW stock opened at $27.44 on Wednesday. The stock has a market capitalization of $488.43 million, a price-to-earnings ratio of -54.88 and a beta of 0.58. The firm’s 50-day moving average price is $27.93 and its two-hundred day moving average price is $25.66. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $31.26.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Monday, September 9th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. The business had revenue of $179.60 million during the quarter, compared to analyst estimates of $175.00 million. As a group, equities analysts predict that Calavo Growers, Inc. will post 1.31 earnings per share for the current year.

Calavo Growers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Wednesday, October 2nd were paid a $0.20 dividend. This is a positive change from Calavo Growers’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.92%. Calavo Growers’s dividend payout ratio (DPR) is presently -160.00%.

Analysts Set New Price Targets

Separately, StockNews.com raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd.

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.