1 week Ago By Defense World Staff
Prudential Financial Inc. acquired a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund acquired 16,563 shares of the company’s stock, valued at approximately $422,000. Prudential Financial Inc. owned about 0.
09% of Calavo Growers as of its most recent SEC filing. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Calavo Growers during the 4th quarter valued at $26,000.
Van ECK Associates Corp lifted its holdings in Calavo Growers by 69.1% in the fourth quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after acquiring an additional 1,039 shares during the period.
KLP Kapitalforvaltning AS purchased a new position in Calavo Growers in the fourth quarter worth about $76,000. Janus Henderson Group PLC bought a new stake in shares of Calavo Growers during the 3rd quarter valued at about $219,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Calavo Growers during the 4th quarter valued at about $247,000.
Institutional investors own 81.30% of the company’s stock. Insider Buying and SellingIn related news, EVP Michael A.
Browne bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of $23.69 per share, with a total value of $142,140.
00. Following the completion of the purchase, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. The trade was a 400.
00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.
20% of the stock is owned by insiders. Calavo Growers Stock Down 0.0 %CVGW stock opened at $22.
89 on Thursday. The business’s 50-day moving average price is $23.29 and its 200-day moving average price is $25.
38. The stock has a market cap of $408.29 million, a P/E ratio of -381.
50 and a beta of 0.41. The company has a quick ratio of 1.
70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02.
Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $30.
58. Calavo Growers (NASDAQ:CVGW – Get Free Report) last posted its quarterly earnings results on Tuesday, January 14th. The company reported $0.
05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25).
The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million.
Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%.
The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.
33) earnings per share. On average, equities research analysts forecast that Calavo Growers, Inc. will post 1.
87 EPS for the current year. Calavo Growers Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st will be given a dividend of $0.
20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.
49%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers’s dividend payout ratio is currently 148.
15%. Wall Street Analyst Weigh InSeveral brokerages recently issued reports on CVGW. Lake Street Capital cut their target price on shares of Calavo Growers from $40.
00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. StockNews.
com downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday.Get Our Latest Analysis on CVGWAbout Calavo Growers (Free Report)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.See AlsoFive stocks we like better than Calavo GrowersMarket Cap Calculator: How to Calculate Market CapQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreThe 3 Best Retail Stocks to Shop for in AugustAre Tariffs Threatening Disney’s Comeback Story?Stock Ratings and Recommendations: Understanding Analyst RatingsIs Alphabet a Generational Buying Opportunity at These Levels?.
