Insider Buying: American Vanguard Co. (NYSE:AVD) Director Acquires $71,640.00 in Stock

American Vanguard Co. (NYSE:AVD) Director Steven D. Macicek bought 12,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $5.97 per share, for a total transaction of $71,640.00. Following the completion of the transaction, the director now owns 31,218 shares in the company, valued at approximately $186,371.46. This trade represents a 62.44 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Vanguard Stock Down 2.5 %

Shares of AVD stock opened at $6.19 on Thursday. The stock has a market cap of $178.20 million, a P/E ratio of -6.01 and a beta of 0.88. American Vanguard Co. has a 52 week low of $4.95 and a 52 week high of $14.28. The company has a quick ratio of 0.79, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $5.53 and its two-hundred day simple moving average is $7.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in shares of American Vanguard in the 2nd quarter valued at $32,000. Nisa Investment Advisors LLC lifted its position in shares of American Vanguard by 7,554.5% during the second quarter. Nisa Investment Advisors LLC now owns 4,210 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 4,155 shares in the last quarter. Point72 DIFC Ltd raised its holdings in American Vanguard by 195.7% in the second quarter. Point72 DIFC Ltd now owns 5,080 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 3,362 shares in the last quarter. SG Americas Securities LLC acquired a new stake in American Vanguard during the third quarter worth approximately $56,000. Finally, Quantbot Technologies LP raised its holdings in American Vanguard by 64.5% during the third quarter. Quantbot Technologies LP now owns 11,291 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 4,429 shares in the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded American Vanguard from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.