Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 45.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,788 shares of the company’s stock after selling 13,100 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Calavo Growers were worth $439,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Capital Management LLC purchased a new position in shares of Calavo Growers in the 4th quarter valued at about $7,851,000. Russell Investments Group Ltd. increased its stake in Calavo Growers by 134.8% in the fourth quarter. Russell Investments Group Ltd. now owns 280,584 shares of the company’s stock valued at $8,252,000 after purchasing an additional 161,100 shares during the last quarter. Kent Lake Capital LLC lifted its position in shares of Calavo Growers by 200.0% during the 4th quarter. Kent Lake Capital LLC now owns 300,000 shares of the company’s stock worth $8,823,000 after buying an additional 200,000 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in shares of Calavo Growers during the 3rd quarter worth approximately $555,000. Finally, Boston Partners purchased a new position in shares of Calavo Growers in the 4th quarter valued at $351,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th.

Calavo Growers Price Performance

CVGW stock opened at $22.46 on Friday. The business has a 50 day simple moving average of $26.38 and a 200-day simple moving average of $27.28. The company has a market capitalization of $399.70 million, a P/E ratio of -249.50 and a beta of 0.61. Calavo Growers, Inc. has a twelve month low of $21.42 and a twelve month high of $38.97. The company has a current ratio of 1.97, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Calavo Growers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, July 2nd. Calavo Growers’s payout ratio is currently -444.44%.

About Calavo Growers

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.