JPMorgan Chase & Co. Purchases 50,230 Shares of American Vanguard Co. (NYSE:AVD)

JPMorgan Chase & Co. grew its position in shares of American Vanguard Co. (NYSE:AVD) by 20.2% in the third quarter, Holdings Channel reports. The fund owned 298,898 shares of the basic materials company’s stock after buying an additional 50,230 shares during the quarter. JPMorgan Chase & Co.’s holdings in American Vanguard were worth $1,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd boosted its position in shares of American Vanguard by 195.7% during the 2nd 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 during the last quarter. SG Americas Securities LLC bought a new position in shares of American Vanguard during the 3rd quarter valued at approximately $56,000. Quantbot Technologies LP boosted its position in shares of American Vanguard by 64.5% during the 3rd quarter. Quantbot Technologies LP now owns 11,291 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 4,429 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of American Vanguard during the 3rd quarter valued at approximately $89,000. Finally, Algert Global LLC bought a new position in shares of American Vanguard during the 2nd quarter valued at approximately $158,000. 79.04% of the stock is currently owned by institutional investors.

American Vanguard Stock Up 7.3 %

Shares of AVD opened at $5.58 on Friday. The company has a market cap of $160.65 million, a PE ratio of -5.42 and a beta of 0.91. The business has a fifty day moving average of $5.22 and a 200 day moving average of $6.01. American Vanguard Co. has a 52-week low of $4.26 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.

Insider Buying and Selling

In related news, Director Steven D. Macicek purchased 12,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $5.97 per share, for a total transaction of $71,640.00. Following the completion of the transaction, the director now directly owns 31,218 shares in the company, valued at $186,371.46. This represents a 62.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.10% of the stock is owned by corporate insiders.

About American Vanguard

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.