American Vanguard (NYSE:AVD) Director Patrick Gottschalk Purchases 25,000 Shares of Stock

American Vanguard Corporation (NYSE:AVD) Director Patrick Gottschalk bought 25,000 shares of American Vanguard stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of $2.70 per share, for a total transaction of $67,500.00. Following the acquisition, the director directly owned 191,705 shares in the company, valued at approximately $517,603.50. This represents a 15.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Vanguard Stock Performance

NYSE:AVD opened at $2.67 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.41 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $76.30 million, a price-to-earnings ratio of -1.68 and a beta of 1.48. The firm’s fifty day simple moving average is $2.85 and its 200 day simple moving average is $3.95. American Vanguard Corporation has a twelve month low of $2.05 and a twelve month high of $5.92.

American Vanguard (NYSE:AVD) last posted its earnings results on Wednesday, May 6th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The business had revenue of $123.57 million for the quarter, compared to analyst estimates of $120.00 million. American Vanguard had a negative net margin of 8.71% and a negative return on equity of 4.13%.

Hedge Funds Weigh In On American Vanguard

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in American Vanguard by 4.4% in the 4th quarter. Wellington Management Group LLP now owns 1,700,161 shares of the basic materials company’s stock worth $6,495,000 after buying an additional 71,632 shares in the last quarter. Cove Street Capital LLC lifted its holdings in American Vanguard by 12.1% in the 3rd quarter. Cove Street Capital LLC now owns 1,398,986 shares of the basic materials company’s stock worth $8,030,000 after buying an additional 150,703 shares in the last quarter. Geode Capital Management LLC lifted its holdings in American Vanguard by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 639,301 shares of the basic materials company’s stock worth $2,506,000 after buying an additional 13,657 shares in the last quarter. EVR Research LP lifted its holdings in American Vanguard by 82.0% in the 4th quarter. EVR Research LP now owns 618,657 shares of the basic materials company’s stock worth $2,363,000 after buying an additional 278,657 shares in the last quarter. Finally, Potomac Capital Management Inc. acquired a new position in American Vanguard in the 4th quarter worth $1,751,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of American Vanguard from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.00.

About American Vanguard

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.