Gamco Investors INC. ET AL Reduces Position in American Vanguard Co. (NYSE:AVD)

Gamco Investors INC. ET AL lessened its stake in American Vanguard Co. (NYSE:AVDFree Report) by 46.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,200 shares of the basic materials company’s stock after selling 50,655 shares during the period. Gamco Investors INC. ET AL owned 0.20% of American Vanguard worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVD. State Street Corp grew its stake in American Vanguard by 23.2% in the second quarter. State Street Corp now owns 1,265,837 shares of the basic materials company’s stock valued at $28,322,000 after purchasing an additional 238,046 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of American Vanguard during the third quarter worth about $2,370,000. Goldman Sachs Group Inc. grew its stake in shares of American Vanguard by 308.6% during the second quarter. Goldman Sachs Group Inc. now owns 255,499 shares of the basic materials company’s stock worth $5,711,000 after acquiring an additional 192,970 shares during the last quarter. Cruiser Capital Advisors LLC grew its stake in shares of American Vanguard by 372.5% during the first quarter. Cruiser Capital Advisors LLC now owns 219,777 shares of the basic materials company’s stock worth $4,466,000 after acquiring an additional 173,261 shares during the last quarter. Finally, Kestrel Investment Management Corp purchased a new stake in shares of American Vanguard during the third quarter worth about $1,578,000. Hedge funds and other institutional investors own 79.93% of the company’s stock.

Insider Activity at American Vanguard

In other news, insider Ulrich Trogele bought 2,488 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $10.05 per share, for a total transaction of $25,004.40. Following the completion of the transaction, the insider now directly owns 186,676 shares in the company, valued at $1,876,093.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 12,503 shares of company stock worth $128,604 over the last quarter. Insiders own 9.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital restated a “buy” rating on shares of American Vanguard in a research note on Wednesday, January 31st.

View Our Latest Analysis on AVD

American Vanguard Price Performance

Shares of AVD stock opened at $10.52 on Friday. American Vanguard Co. has a fifty-two week low of $8.41 and a fifty-two week high of $22.58. The firm has a market capitalization of $302.45 million, a price-to-earnings ratio of 65.75 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 2.49. The stock’s 50-day simple moving average is $10.58 and its 200-day simple moving average is $11.56.

American Vanguard (NYSE:AVDGet Free Report) last issued its earnings results on Wednesday, November 8th. The basic materials company reported ($0.01) EPS for the quarter. The firm had revenue of $149.52 million during the quarter. American Vanguard had a net margin of 0.78% and a return on equity of 1.21%. As a group, equities analysts forecast that American Vanguard Co. will post 0.26 earnings per share for the current fiscal year.

American Vanguard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.03 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.12 dividend on an annualized basis and a yield of 1.14%. American Vanguard’s dividend payout ratio is currently 75.00%.

About American Vanguard

(Free Report)

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, molluscicides, soil health, plant nutrition, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

Recommended Stories

Want to see what other hedge funds are holding AVD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Vanguard Co. (NYSE:AVDFree Report).

Institutional Ownership by Quarter for American Vanguard (NYSE:AVD)

Receive News & Ratings for American Vanguard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Vanguard and related companies with MarketBeat.com's FREE daily email newsletter.