Insider Selling: American Vanguard (NYSE:AVD) Director Sells $1,224,476.00 in Stock

American Vanguard Corporation (NYSE:AVD) Director Keith Rosenbloom sold 556,580 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $2.20, for a total value of $1,224,476.00. Following the sale, the director owned 15,201 shares of the company’s stock, valued at approximately $33,442.20. This trade represents a 97.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

American Vanguard Stock Up 4.5%

Shares of AVD stock opened at $2.33 on Friday. The stock’s 50 day simple moving average is $2.57 and its 200 day simple moving average is $3.11. American Vanguard Corporation has a twelve month low of $2.03 and a twelve month high of $5.92. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.40 and a current ratio of 2.47. The company has a market capitalization of $68.73 million, a price-to-earnings ratio of -1.23 and a beta of 1.43.

American Vanguard (NYSE:AVD) last announced its earnings results on Monday, August 10th. The basic materials company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.43). American Vanguard had a negative return on equity of 9.05% and a negative net margin of 10.70%.The company had revenue of $116.75 million for the quarter, compared to the consensus estimate of $135.00 million.

Wall Street Analysts Forecast Growth

AVD has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Vanguard in a research note on Thursday, August 13th. Wall Street Zen lowered shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, American Vanguard presently has an average rating of “Sell”.

Hedge Funds Weigh In On American Vanguard

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new position in American Vanguard during the 1st quarter valued at $28,000. Strs Ohio acquired a new stake in American Vanguard in the 1st quarter worth $28,000. nVerses Capital LLC acquired a new stake in American Vanguard in the 4th quarter worth $42,000. Virtu Financial LLC bought a new position in shares of American Vanguard during the 4th quarter worth about $52,000. Finally, Jain Global LLC bought a new position in shares of American Vanguard during the 4th quarter worth about $53,000. Institutional investors own 79.00% of the company’s stock.

About American Vanguard

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.