American Vanguard (NYSE:AVD) Director Patrick Gottschalk Buys 20,000 Shares of Stock

American Vanguard Corporation (NYSE:AVD) Director Patrick Gottschalk acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $2.92 per share, for a total transaction of $58,400.00. Following the purchase, the director owned 146,705 shares of the company’s stock, valued at $428,378.60. The trade was a 15.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

American Vanguard Price Performance

American Vanguard stock opened at $2.67 on Wednesday. American Vanguard Corporation has a 12 month low of $2.05 and a 12 month high of $5.92. 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 business’s 50 day simple moving average is $2.85 and its 200 day simple moving average is $3.95. The company has a market cap of $76.30 million, a price-to-earnings ratio of -1.68 and a beta of 1.48.

American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). American Vanguard had a negative net margin of 8.71% and a negative return on equity of 4.13%. The firm had revenue of $123.57 million during the quarter, compared to analysts’ expectations of $120.00 million.

Institutional Investors Weigh In On American Vanguard

Institutional investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC purchased a new stake in shares of American Vanguard during the third quarter worth $2,136,000. Cove Street Capital LLC lifted its position in shares of American Vanguard by 12.1% during the third quarter. Cove Street Capital LLC now owns 1,398,986 shares of the basic materials company’s stock worth $8,030,000 after acquiring an additional 150,703 shares in the last quarter. EVR Research LP lifted its position in shares of American Vanguard by 136.5% during the third quarter. EVR Research LP now owns 340,000 shares of the basic materials company’s stock worth $1,952,000 after acquiring an additional 196,216 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of American Vanguard during the third quarter worth $697,000. Finally, Riverwater Partners LLC purchased a new stake in shares of American Vanguard in the third quarter worth $114,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded American Vanguard from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Vanguard currently has an average rating of “Hold” and an average price target 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.