Should You Buy Calavo Growers, Inc. (CVGW)?

As one would reasonably expect, specific money managers were breaking ground themselves. Bryn Mawr Capital, managed by Ken Gray and Steve Walsh, established the most valuable position in Calavo Growers, Inc. (NASDAQ:CVGW). Bryn Mawr Capital had $0.7 million invested in the company at the end of the quarter. David Costen Haley’s HBK Investments also made a $0.4 million investment in the stock during the quarter. The other funds with brand new CVGW positions are Joel Greenblatt’s Gotham Asset Management, Paul Tudor Jones’ Tudor Investment Corp, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s go over hedge fund activity in other stocks similar to Calavo Growers, Inc. (NASDAQ:CVGW). We will take a look at Lindsay Corporation (NYSE:LNN), Mitel Networks Corporation (NASDAQ:MITL), Glaukos Corp (NYSE:GKOS), and GasLog Ltd (NYSE:GLOG). This group of stocks’ market values are similar to CVGW’s market value.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $76 million, compared to $31 million in CVGW’s case. GasLog Ltd (NYSE:GLOG) is the most popular stock in this table, as 16 funds held its shares at the end of the third quarter. On the other hand Glaukos Corp (NYSE:GKOS) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks, Calavo Growers, Inc. (NASDAQ:CVGW) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.