Virtu Financial LLC Lowers Stock Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Virtu Financial LLC reduced its stake in Mission Produce, Inc. (NASDAQ:AVO) by 51.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,671 shares of the company’s stock after selling 17,672 shares during the quarter. Virtu Financial LLC’s holdings in Mission Produce were worth $240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Mission Produce in the fourth quarter worth approximately $34,000. New York State Teachers Retirement System bought a new position in Mission Produce in the 4th quarter valued at approximately $57,000. Quantbot Technologies LP bought a new position in Mission Produce in the 3rd quarter valued at approximately $76,000. Quarry LP purchased a new stake in Mission Produce during the 3rd quarter valued at $114,000. Finally, Martingale Asset Management L P bought a new stake in shares of Mission Produce in the 3rd quarter worth $129,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insider Buying and Selling at Mission Produce

In related news, CFO Bryan E. Giles sold 15,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $14.40, for a total transaction of $216,000.00. Following the completion of the sale, the chief financial officer now owns 122,137 shares in the company, valued at approximately $1,758,772.80. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen J. Barnard sold 7,032 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.51, for a total value of $102,034.32. Following the completion of the transaction, the chief executive officer now directly owns 1,787,450 shares in the company, valued at $25,935,899.50. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,285 shares of company stock worth $1,572,120. Company insiders own 35.41% of the company’s stock.

Mission Produce Trading Down 1.5 %

Shares of NASDAQ:AVO opened at $10.12 on Friday. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The stock’s fifty day moving average price is $11.44 and its 200-day moving average price is $12.43. The company has a market cap of $719.25 million, a P/E ratio of 19.84 and a beta of 0.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26.

Mission Produce 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.