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

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 85.2% in the third quarter, HoldingsChannel.com reports. The fund owned 71,611 shares of the company’s stock after purchasing an additional 32,954 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Calavo Growers were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of CVGW. Envestnet Asset Management Inc. increased its stake in shares of Calavo Growers by 59.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 59,846 shares of the company’s stock worth $1,540,000 after purchasing an additional 22,361 shares during the last quarter. AlphaQuest LLC grew its holdings in Calavo Growers by 44.7% during the third quarter. AlphaQuest LLC now owns 15,475 shares of the company’s stock worth $398,000 after purchasing an additional 4,777 shares during the period. Olympiad Research LP acquired a new position in Calavo Growers during the third quarter worth approximately $232,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Calavo Growers by 2.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 30,959 shares of the company’s stock valued at $797,000 after buying an additional 759 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Calavo Growers in the third quarter valued at approximately $1,794,000. Institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

CVGW has been the topic of a number of recent analyst reports. Wall Street Zen lowered Calavo Growers from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Calavo Growers in a research report on Monday, December 29th. Finally, Stephens cut their target price on shares of Calavo Growers from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.50.

Calavo Growers Stock Down 0.3%

CVGW stock opened at $25.43 on Friday. Calavo Growers, Inc. has a fifty-two week low of $18.40 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.47 and a quick ratio of 1.92. The stock has a market capitalization of $454.43 million, a price-to-earnings ratio of 23.12 and a beta of 0.40. The business’s fifty day moving average price is $22.85 and its two-hundred day moving average price is $24.26.

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

Calavo Growers Dividend Announcement

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

Calavo Growers Profile

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.