Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Insider Sells $220,014.60 in Stock

Mission Produce, Inc. (NASDAQ:AVO) insider Juan R. Wiesner sold 21,892 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total transaction of $220,014.60. Following the completion of the sale, the insider now owns 21,412 shares of the company’s stock, valued at $215,190.60. The trade was a 50.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mission Produce Price Performance

Shares of Mission Produce stock opened at $9.76 on Friday. The firm has a fifty day simple moving average of $11.69 and a 200-day simple moving average of $12.46. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The stock has a market capitalization of $693.66 million, a price-to-earnings ratio of 19.14 and a beta of 0.47.

Institutional Trading of Mission Produce

A number of institutional investors and hedge funds have recently modified their holdings of AVO. Atria Investments Inc acquired a new stake in shares of Mission Produce in the third quarter worth $424,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Mission Produce during the 3rd quarter valued at $1,295,000. Intech Investment Management LLC acquired a new position in Mission Produce during the 3rd quarter valued at $153,000. Dynamic Technology Lab Private Ltd raised its stake in Mission Produce by 10.9% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 81,814 shares of the company’s stock valued at $1,049,000 after purchasing an additional 8,058 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Mission Produce by 8.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock valued at $850,000 after purchasing an additional 4,894 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

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.