IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 32,954 Shares of Calavo Growers, Inc. $CVGW

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 85.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,611 shares of the company’s stock after acquiring an additional 32,954 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.40% of Calavo Growers worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Calavo Growers by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 481,601 shares of the company’s stock valued at $12,807,000 after purchasing an additional 1,683 shares in the last quarter. Old West Investment Management LLC acquired a new position in shares of Calavo Growers in the second quarter valued at approximately $11,364,000. Russell Investments Group Ltd. increased its position in shares of Calavo Growers by 32.1% during the second quarter. Russell Investments Group Ltd. now owns 386,763 shares of the company’s stock worth $10,284,000 after acquiring an additional 94,073 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Calavo Growers by 27.6% during the second quarter. Gamco Investors INC. ET AL now owns 341,700 shares of the company’s stock worth $9,086,000 after acquiring an additional 74,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Calavo Growers by 91.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 275,452 shares of the company’s stock valued at $6,608,000 after acquiring an additional 131,674 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Calavo Growers Trading Down 0.3%

Calavo Growers stock opened at $25.43 on Friday. The company has a market cap of $454.43 million, a price-to-earnings ratio of 23.12 and a beta of 0.40. The firm has a 50-day moving average of $22.85 and a 200-day moving average of $24.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.47 and a quick ratio of 1.92. Calavo Growers, Inc. has a one year low of $18.40 and a one year high of $28.72.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Wednesday, January 14th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). Calavo Growers had a net margin of 3.05% and a return on equity of 13.43%. The company had revenue of $124.68 million during the quarter, compared to analyst estimates of $147.95 million. On average, equities analysts expect that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. Calavo Growers’s dividend payout ratio is currently 72.73%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CVGW shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Calavo Growers in a report on Monday, December 29th. Wall Street Zen downgraded Calavo Growers from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Stephens dropped their target price on Calavo Growers from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.50.

About Calavo Growers

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.