Lecil Cole Insider Sell Transaction
After the publishing of a report filled with SEC; a giant transaction became apparent. The Chairman – CEO & President of Calavo Growers, Inc. (NASDAQ:CVGW)
54.01 -0.14 -0.26%
, Lecil Cole; completed a significant deal in the open market by selling 44,527 shares at an average price per share of $54.1 of the corporation valued at $2,407,248 US Dollars. He also unloaded 49,604 shares valued at $2,714,020 USD in the last month. This is a major sell, and one that is unlikely to remain disregarded, as it decreased his ownership of the Company to 3.97% total market cap, for a total of 688,563 shares.
Calavo Growers Inc Stock Rating, Sentiment and Fundamentals
Since the transaction is very huge, it could mean that Lecil is a pessimist about the stock of Calavo Growers Inc. The three analysts covering the California-based company’s fundamental health see the Calavo Growers Inc’s earnings per share at $1.90 for the reporting 2015.
Rating & Sentiment
PsychSignal Social:
SELL
Analysts Rating:
BUY
Hedge Funds Sentiment:
BUY
Stock Fundamentals
Earnings + FCF Trend:
SELL
Sector/Industry Macro:
BULLISH
Valuation Models:
-
Technical Analysis
ST Trend:
UP
MT Trend:
UP
LT Trend:
UP
OctaFinance Rating*:
NEUTRAL
* Read How Our Stock Ratings System Works
The share price of Calavo Growers Inc is increasing with no signs of trend change after 42.06% move within the last 200 days. Taking in consideration Lecil Cole’s stock unloading and our time-momentum system as shown below, we rate Calavo Growers Inc’s stock “neutral”.
Price Chart of Calavo Growers NASDAQ:CVGW Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
According to 13F SEC filings for Q4 2014, 142 hedge funds and institutional investors had shares of Calavo Growers Inc. In the last quarter, Calavo Growers Inc had 47.45% institutional ownership. That is a high interest. They increased by 656,106 the total shares they hold. As of that quarter these banks and hedge funds owned 8.25 million shares. There were 20 funds that created new positions and 67 funds that added to their positions. A total of 15 funds closed their positions in Calavo Growers Inc and 35 reduced their holdings.
Messner & Smith Theme Value Investment Management Ltd Ca is the most positive institutional investor on Calavo Growers Inc, with ownership of 33,851 shares as of Q4 2014 for 2.72% of the fund’s portfolio. Ken Grossman And Glen Schneider’s Sg Capital Management Llc is another positive investment manager having 182,247 shares of the company or 2.25% of their stocks portfolio. The stock is also 2.02% of the fund’s AUM. Further Roger Keith Long’s Otter Creek Management Inc have 1.61% of their stock portfolio invested in the company for 75,000 shares. White Pine Capital Llc revealed it had purchased a stake worth 0.77% of the fund’s stock portfolio in Calavo Growers Inc. The New York-based fund Geduld E E is also positive in the -listed company, possessing 15,000 shares or 0.38% of their stock portfolio.
Calavo Growers NASDAQ:CVGW Company Profile
Calavo Growers, Inc. (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants. The Company sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas. The Company operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG). Its Fresh products segment is engaged in the distribution of avocados and other fresh produce products. Its Calavo Foods is engaged in the purchase, manufacturing, and distribution of prepared products, including guacamole, tortilla chips and salsa. The RFG segment is engaged in the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products.
Company Website: Calavo Growers
As of writing its market worth is: $938.86 million and it has 17.34 million shares outstanding. Now it has 52.73% shareholders and the institutional ownership is 52.73%. The firm has 1987 employees. Calavo Growers Inc was formed in California on 2001-01-05. The stock closed at $54.009998 yesterday and it had average 2 days volume of 38076 shares. It is down from the 30 days average shares volume of 41025. Calavo Growers Inc has a 52weeks low of $33.38 and a 52weeks high of $57.53. The stock price is above the 200 days simple moving average. Calavo Growers Inc last issued its quarterly earnings stats on 06/02/2015. The company reported 0.49 EPS for the quarter, above the consensus estimate of 0.48 by 0.01. The company had a revenue of 221.59 million for 4/30/2015 and 194.79 million for 1/31/2015. Therefore, the revenue was 26.80 million up.
Lecil Cole is also director of Limoneira Co.
The post Insider Sale: Lecil Cole Sold 44,527 Shares of Calavo Growers, Inc. (NASDAQ:CVGW) appeared first on Octafinance.