Key Points
- Director Steven Macicek bought 19,000 American Vanguard shares at $2.09 each, investing $39,710 and increasing his direct ownership by 23.54% to 99,711 shares.
- American Vanguard’s stock opened at $2.19, near its 12-month low, after the company reported a quarterly loss of $0.34 per share and revenue of $116.75 million, both worse than analyst expectations.
- Analyst sentiment remains negative, with the company holding an average “Sell” rating, although institutional investors and hedge funds own approximately 79% of the stock.
American Vanguard Corporation (NYSE:AVD - Get Free Report) Director Steven Macicek bought 19,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $2.09 per share, with a total value of $39,710.00. Following the completion of the purchase, the director directly owned 99,711 shares in the company, valued at $208,395.99. This represents a 23.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
American Vanguard Stock Down 1.6%
NYSE:AVD opened at $2.19 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 1.40 and a debt-to-equity ratio of 1.46. American Vanguard Corporation has a twelve month low of $2.03 and a twelve month high of $5.92. The company has a market cap of $64.75 million, a PE ratio of -1.16 and a beta of 1.43. The company's 50 day moving average is $2.60 and its two-hundred day moving average is $3.16.
American Vanguard (NYSE:AVD - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.43). The company had revenue of $116.75 million for the quarter, compared to analyst estimates of $135.00 million. American Vanguard had a negative return on equity of 9.05% and a negative net margin of 10.70%.
Analysts Set New Price Targets
Several analysts have weighed in on AVD shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of American Vanguard in a research note on Thursday, August 13th. Wall Street Zen cut American Vanguard from a "hold" rating to a "sell" rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, American Vanguard currently has an average rating of "Sell".
Get Our Latest Report on American Vanguard
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in American Vanguard in the first quarter valued at $28,000. Strs Ohio acquired a new position in shares of American Vanguard in the 1st quarter valued at about $28,000. nVerses Capital LLC acquired a new position in shares of American Vanguard in the 4th quarter valued at about $42,000. Virtu Financial LLC purchased a new stake in shares of American Vanguard in the fourth quarter worth about $52,000. Finally, Jain Global LLC purchased a new stake in shares of American Vanguard in the fourth quarter worth about $53,000. 79.00% of the stock is currently owned by institutional investors and hedge funds.
About American Vanguard
(
Get Free Report)
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.
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