GSA Capital Partners LLP Trims Holdings in American Vanguard Co. (NYSE:AVD)

GSA Capital Partners LLP decreased its stake in shares of American Vanguard Co. (NYSE:AVD) by 32.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 102,976 shares of the basic materials company’s stock after selling 49,470 shares during the quarter. GSA Capital Partners LLP’s holdings in American Vanguard were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pullen Investment Management LLC lifted its position in American Vanguard by 15.8% during the third quarter. Pullen Investment Management LLC now owns 81,143 shares of the basic materials company’s stock worth $430,000 after buying an additional 11,054 shares in the last quarter. SG Americas Securities LLC purchased a new position in American Vanguard during the third quarter worth approximately $56,000. Point72 DIFC Ltd lifted its position in American Vanguard by 195.7% during the second quarter. Point72 DIFC Ltd now owns 5,080 shares of the basic materials company’s stock worth $44,000 after buying an additional 3,362 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in American Vanguard during the second quarter worth approximately $173,000. Finally, Algert Global LLC purchased a new position in American Vanguard during the second quarter worth approximately $158,000. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Insider Buying and Selling at American Vanguard

In other news, Director Steven D. Macicek acquired 12,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $5.97 per share, with a total value of $71,640.00. Following the completion of the purchase, the director now owns 31,218 shares of the company’s stock, valued at $186,371.46. This represents a 62.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Keith M. Rosenbloom acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $5.94 per share, with a total value of $148,500.00. Following the completion of the purchase, the director now directly owns 1,193,682 shares of the company’s stock, valued at approximately $7,090,471.08. This represents a 2.14 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 175,047 shares of company stock worth $1,009,845 over the last quarter. 10.10% of the stock is currently owned by company insiders.

American Vanguard Price Performance

NYSE:AVD opened at $6.35 on Wednesday. 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 has a market capitalization of $182.67 million, a P/E ratio of -6.16 and a beta of 0.88. The stock’s fifty day moving average is $5.53 and its two-hundred day moving average is $7.26.

Wall Street Analyst Weigh In

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 given a buy rating to the company. According to MarketBeat.com, American Vanguard has an average rating of “Moderate Buy” and a consensus 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.