Semanteon Capital Management LP Takes $555,000 Position in Calavo Growers, Inc. $CVGW

Semanteon Capital Management LP purchased a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,552 shares of the company’s stock, valued at approximately $555,000. Semanteon Capital Management LP owned approximately 0.12% of Calavo Growers as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVGW. AQR Capital Management LLC bought a new position in shares of Calavo Growers in the first quarter worth about $2,520,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Calavo Growers by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock valued at $240,000 after purchasing an additional 390 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Calavo Growers by 91.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 275,452 shares of the company’s stock worth $6,608,000 after purchasing an additional 131,674 shares during the last quarter. Jane Street Group LLC raised its position in Calavo Growers by 49.7% in the 1st quarter. Jane Street Group LLC now owns 50,858 shares of the company’s stock worth $1,220,000 after purchasing an additional 16,891 shares during the last quarter. Finally, CWM LLC lifted its holdings in Calavo Growers by 280.0% during the 2nd quarter. CWM LLC now owns 8,751 shares of the company’s stock worth $233,000 after buying an additional 6,448 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Stock Down 0.2%

NASDAQ:CVGW opened at $26.45 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.47 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a 12-month low of $18.40 and a 12-month high of $28.72. The stock’s fifty day simple moving average is $23.86 and its 200-day simple moving average is $24.20. 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 released its quarterly earnings data on Wednesday, January 14th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). Calavo Growers had a net margin of 3.05% and a return on equity of 13.43%. The company had revenue of $124.68 million during the quarter, compared to the consensus estimate of $147.95 million. Equities research analysts expect that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, January 13th. Calavo Growers’s dividend payout ratio (DPR) is currently 72.73%.

Wall Street Analysts Forecast Growth

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

About Calavo Growers

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.