American Century Companies Inc. Purchases 185,946 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

American Century Companies Inc. increased its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 246.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,316 shares of the company’s stock after purchasing an additional 185,946 shares during the period. American Century Companies Inc. owned 1.47% of Calavo Growers worth $5,932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CVGW. SG Capital Management LLC purchased a new position in shares of Calavo Growers during the fourth quarter valued at about $7,851,000. Dimensional Fund Advisors LP grew its holdings in Calavo Growers by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,845 shares of the company’s stock valued at $20,259,000 after buying an additional 60,803 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Calavo Growers by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,098 shares of the company’s stock worth $10,238,000 after acquiring an additional 26,434 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Calavo Growers during the 1st quarter worth approximately $276,000. Finally, SG Americas Securities LLC boosted its position in shares of Calavo Growers by 126.7% during the 2nd quarter. SG Americas Securities LLC now owns 12,395 shares of the company’s stock valued at $281,000 after acquiring an additional 6,928 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd.

Calavo Growers Stock Down 0.8 %

NASDAQ CVGW opened at $28.12 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.04. The company has a market capitalization of $500.54 million, a P/E ratio of -312.44 and a beta of 0.56. Calavo Growers, Inc. has a one year low of $20.30 and a one year high of $31.26. The stock has a 50 day moving average price of $24.56 and a 200-day moving average price of $25.51.

Calavo Growers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.20 per share. This is an increase from Calavo Growers’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, October 2nd. Calavo Growers’s dividend payout ratio is currently -888.89%.

Calavo Growers Company Profile

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.