Cove Street Capital LLC Purchases 150,703 Shares of American Vanguard Corporation $AVD

Cove Street Capital LLC raised its position in American Vanguard Corporation (NYSE:AVD) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,398,986 shares of the basic materials company’s stock after acquiring an additional 150,703 shares during the quarter. American Vanguard makes up approximately 10.5% of Cove Street Capital LLC’s portfolio, making the stock its biggest position. Cove Street Capital LLC owned 4.92% of American Vanguard worth $8,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVD. Strs Ohio purchased a new position in shares of American Vanguard in the first quarter valued at approximately $28,000. XTX Topco Ltd purchased a new stake in American Vanguard during the 2nd quarter worth approximately $57,000. Riverwater Partners LLC acquired a new stake in American Vanguard during the 3rd quarter worth approximately $114,000. Assenagon Asset Management S.A. acquired a new stake in American Vanguard during the 3rd quarter worth approximately $121,000. Finally, Russell Investments Group Ltd. boosted its position in American Vanguard by 15.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 22,456 shares of the basic materials company’s stock valued at $129,000 after buying an additional 2,921 shares during the period. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

American Vanguard Stock Down 2.3%

Shares of American Vanguard stock opened at $4.07 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.77 and a debt-to-equity ratio of 0.82. American Vanguard Corporation has a 52-week low of $3.28 and a 52-week high of $5.92. The company has a market capitalization of $115.73 million, a P/E ratio of -1.02 and a beta of 1.23. The company has a 50 day moving average of $4.67 and a 200 day moving average of $4.81.

Analyst Upgrades and Downgrades

AVD has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Vanguard in a research report on Wednesday, January 21st. Wall Street Zen cut American Vanguard from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Vanguard has an average rating of “Hold” and a consensus price target of $12.00.

American Vanguard Company Profile

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.