Calavo Growers, Inc. (NASDAQ:CVGW) Short Interest Down 7.7% in December

Calavo Growers, Inc. (NASDAQ:CVGW – Get Rating) saw a large decrease in short interest in December. As of December 30th, there was short interest totalling 549,500 shares, a decrease of 7.7% from the December 15th total of 595,600 shares. Based on an average daily trading volume, of 111,100 shares, the days-to-cover ratio is currently 4.9 days. Approximately 3.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CVGW. Lake Street Capital reduced their target price on shares of Calavo Growers from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, December 21st. StockNews.com started coverage on shares of Calavo Growers in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

Institutional Trading of Calavo Growers

Large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of Calavo Growers during the 1st quarter valued at about $37,000. FMR LLC grew its stake in Calavo Growers by 102.2% in the second quarter. FMR LLC now owns 910 shares of the company’s stock valued at $38,000 after purchasing an additional 460 shares in the last quarter. Group One Trading L.P. lifted its stake in Calavo Growers by 12,753.8% in the third quarter. Group One Trading L.P. now owns 1,645 shares of the company’s stock valued at $52,000 after acquiring an additional 1,658 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Calavo Growers by 257.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,693 shares of the company’s stock valued at $53,000 after purchasing an additional 1,219 shares in the last quarter. Finally, Van ECK Associates Corp bought a new position in shares of Calavo Growers in the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Calavo Growers Trading Down 1.4 %

Shares of NASDAQ:CVGW traded down $0.46 during trading on Tuesday, reaching $31.86. The stock had a trading volume of 10,121 shares, compared to its average volume of 117,541. The business has a fifty day moving average price of $33.10 and a 200-day moving average price of $36.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 1.23. Calavo Growers has a fifty-two week low of $27.29 and a fifty-two week high of $45.50.

Calavo Growers (NASDAQ:CVGW – Get Rating) last released its quarterly earnings data on Tuesday, December 20th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.34). The business had revenue of $243.57 million for the quarter, compared to analysts’ expectations of $304.90 million. Calavo Growers had a positive return on equity of 3.96% and a negative net margin of 0.52%. As a group, analysts predict that Calavo Growers will post 1.71 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Wednesday, November 16th were issued a $0.287 dividend. The ex-dividend date was Tuesday, November 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.60%. Calavo Growers’s dividend payout ratio (DPR) is presently -319.44%.

Calavo Growers Company Profile

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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 two segments, Grown and Prepared. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.