Semanteon Capital Management LP Makes New Investment in Calavo Growers, Inc. $CVGW

Semanteon Capital Management LP purchased a new stake in Calavo Growers, Inc. (NASDAQ:CVGW) in the 3rd quarter, Holdings Channel reports. The firm purchased 21,552 shares of the company’s stock, valued at approximately $555,000.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Calavo Growers by 32.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 386,763 shares of the company’s stock valued at $10,284,000 after purchasing an additional 94,073 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Calavo Growers during the 3rd quarter worth approximately $1,794,000. Pinnacle Associates Ltd. lifted its stake in Calavo Growers by 91.0% in the second quarter. Pinnacle Associates Ltd. now owns 40,351 shares of the company’s stock valued at $1,073,000 after buying an additional 19,226 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Calavo Growers in the second quarter valued at approximately $803,000. Finally, SG Capital Management LLC acquired a new position in shares of Calavo Growers in the third quarter valued at approximately $13,443,000. Institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CVGW shares. Weiss Ratings lowered shares of Calavo Growers from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Wall Street Zen cut Calavo Growers from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Stephens lowered their target price on Calavo Growers from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Calavo Growers has a consensus rating of “Hold” and a consensus target price of $33.50.

Calavo Growers Stock Down 0.2%

Shares of CVGW stock opened at $26.45 on Friday. The firm’s fifty day moving average price is $23.86 and its two-hundred day moving average price is $24.20. The company has a current ratio of 2.47, a quick ratio of 1.92 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a 1 year low of $18.40 and a 1 year high of $28.72. The firm has a market capitalization of $472.66 million, a P/E ratio of 24.05 and a beta of 0.40.

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

Calavo Growers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were given 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 3.0%. Calavo Growers’s payout ratio is 72.73%.

Calavo Growers Company 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.