Tower Research Capital LLC TRC Buys 4,073 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Tower Research Capital LLC TRC increased its stake in Mission Produce, Inc. (NASDAQ:AVO) by 437.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,004 shares of the company’s stock after acquiring an additional 4,073 shares during the period. Tower Research Capital LLC TRC’s holdings in Mission Produce were worth $50,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Signaturefd LLC raised its position in Mission Produce by 638.5% during the 3rd quarter. Signaturefd LLC now owns 2,917 shares of the company’s stock valued at $28,000 after purchasing an additional 2,522 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Mission Produce by 68.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after acquiring an additional 1,576 shares during the period. Quantbot Technologies LP purchased a new position in shares of Mission Produce during the 3rd quarter worth approximately $61,000. Panagora Asset Management Inc. purchased a new position in shares of Mission Produce during the 3rd quarter worth approximately $110,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Mission Produce by 22.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,615 shares of the company’s stock worth $122,000 after acquiring an additional 2,297 shares during the period. Institutional investors own 63.57% of the company’s stock.

Mission Produce Stock Down 1.0 %

Shares of AVO stock traded down $0.11 during midday trading on Tuesday, reaching $11.35. 139,460 shares of the stock were exchanged, compared to its average volume of 180,124. Mission Produce, Inc. has a 1 year low of $8.19 and a 1 year high of $13.99. The company’s 50 day moving average is $11.38 and its two-hundred day moving average is $10.25. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The firm has a market cap of $804.15 million, a PE ratio of 141.88 and a beta of 0.49.

Mission Produce (NASDAQ:AVO) last issued its earnings results on Monday, March 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $188.40 million. On average, equities research analysts predict that Mission Produce, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Mission Produce news, Director Luis A. Gonzalez sold 42,008 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.07, for a total transaction of $507,036.56. Following the sale, the director now directly owns 7,781,178 shares of the company’s stock, valued at $93,918,818.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Luis A. Gonzalez sold 42,008 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.07, for a total value of $507,036.56. Following the completion of the sale, the director now owns 7,781,178 shares in the company, valued at $93,918,818.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Luis A. Gonzalez sold 31,157 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total value of $349,581.54. Following the completion of the sale, the director now owns 7,466,920 shares of the company’s stock, valued at approximately $83,778,842.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 483,512 shares of company stock worth $5,654,167. Corporate insiders own 41.60% of the company’s stock.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.