Perritt Capital Management Inc Takes $172,000 Position in American Vanguard Co. (NYSE:AVD)

Perritt Capital Management Inc purchased a new stake in shares of American Vanguard Co. (NYSE:AVD) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,000 shares of the basic materials company’s stock, valued at approximately $172,000. Perritt Capital Management Inc owned 0.07% of American Vanguard as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in AVD. Gladius Capital Management LP acquired a new stake in American Vanguard during the second quarter worth $32,000. Nisa Investment Advisors LLC increased its position in shares of American Vanguard by 7,554.5% during the 2nd 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 during the last quarter. EntryPoint Capital LLC raised its holdings in American Vanguard by 363.9% in the 1st quarter. EntryPoint Capital LLC now owns 10,118 shares of the basic materials company’s stock valued at $131,000 after buying an additional 7,937 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in American Vanguard in the fourth quarter valued at about $124,000. Finally, Aristides Capital LLC purchased a new position in American Vanguard during the fourth quarter worth about $132,000. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Insider Transactions at American Vanguard

In related news, Director Keith M. Rosenbloom bought 104,492 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of $5.74 per share, for a total transaction of $599,784.08. Following the completion of the acquisition, the director now owns 1,168,682 shares in the company, valued at approximately $6,708,234.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Keith M. Rosenbloom bought 33,555 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $5.66 per share, for a total transaction of $189,921.30. Following the completion of the purchase, the director now owns 1,047,410 shares of the company’s stock, valued at $5,928,340.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Keith M. Rosenbloom purchased 104,492 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $5.74 per share, with a total value of $599,784.08. Following the purchase, the director now directly owns 1,168,682 shares of the company’s stock, valued at $6,708,234.68. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 163,047 shares of company stock valued at $938,205. 10.10% of the stock is currently owned by company insiders.

American Vanguard Stock Performance

NYSE AVD opened at $6.08 on Thursday. The company has a market cap of $170.15 million, a P/E ratio of 23.38 and a beta of 0.88. American Vanguard Co. has a 1-year low of $4.95 and a 1-year high of $14.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.22 and a quick ratio of 1.08. The stock has a 50-day moving average of $7.37 and a two-hundred day moving average of $9.41.

American Vanguard (NYSE:AVD) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The business had revenue of $128.21 million during the quarter, compared to analyst estimates of $134.20 million. American Vanguard had a negative net margin of 0.60% and a positive return on equity of 1.85%. As a group, analysts anticipate that American Vanguard Co. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

AVD has been the topic of a number of research analyst reports. Lake Street Capital assumed coverage on shares of American Vanguard in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. StockNews.com downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, American Vanguard has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

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.