Deprince Race & Zollo Inc. Has $8.09 Million Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Deprince Race & Zollo Inc. boosted its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 40.7% during the second quarter, Holdings Channel reports. The institutional investor owned 356,319 shares of the company’s stock after purchasing an additional 103,024 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Calavo Growers were worth $8,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CVGW. SG Capital Management LLC acquired a new stake in Calavo Growers in the fourth quarter valued at $7,851,000. American Century Companies Inc. lifted its stake in Calavo Growers by 246.7% in the 2nd quarter. American Century Companies Inc. now owns 261,316 shares of the company’s stock valued at $5,932,000 after purchasing an additional 185,946 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Calavo Growers by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 688,845 shares of the company’s stock worth $20,259,000 after purchasing an additional 60,803 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Calavo Growers by 111.4% during the second quarter. Cubist Systematic Strategies LLC now owns 60,861 shares of the company’s stock worth $1,382,000 after purchasing an additional 32,077 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Calavo Growers during the second quarter worth approximately $724,000. Institutional investors own 81.30% of the company’s stock.

Calavo Growers Trading Up 2.3 %

CVGW stock opened at $28.79 on Friday. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The company has a market capitalization of $512.46 million, a PE ratio of -319.89 and a beta of 0.56. The company’s 50-day simple moving average is $24.72 and its 200 day simple moving average is $25.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04.

Calavo Growers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Calavo Growers’s previous quarterly dividend of $0.10. Calavo Growers’s dividend payout ratio is presently -444.44%.

Analyst Upgrades and Downgrades

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

Calavo Growers 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.