B. Riley Wealth Advisors Inc. Purchases New Shares in American Vanguard Co. (NYSE:AVD)

B. Riley Wealth Advisors Inc. purchased a new position in American Vanguard Co. (NYSE:AVD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the basic materials company’s stock, valued at approximately $173,000. B. Riley Wealth Advisors Inc. owned approximately 0.07% of American Vanguard as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVD. First Eagle Investment Management LLC raised its position in shares of American Vanguard by 788.8% in the 1st quarter. First Eagle Investment Management LLC now owns 310,598 shares of the basic materials company’s stock valued at $4,022,000 after purchasing an additional 275,653 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in American Vanguard during the 2nd quarter valued at $1,677,000. Acadian Asset Management LLC boosted its stake in American Vanguard by 3.6% during the 1st quarter. Acadian Asset Management LLC now owns 354,662 shares of the basic materials company’s stock valued at $4,591,000 after acquiring an additional 12,254 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in American Vanguard by 535.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 135,165 shares of the basic materials company’s stock worth $1,162,000 after acquiring an additional 113,901 shares in the last quarter. Finally, Barington Capital Group L.P. increased its position in shares of American Vanguard by 11.8% in the 2nd quarter. Barington Capital Group L.P. now owns 475,000 shares of the basic materials company’s stock worth $4,085,000 after purchasing an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.

American Vanguard Trading Down 1.8 %

American Vanguard stock opened at $5.15 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.08 and a current ratio of 2.22. American Vanguard Co. has a 1 year low of $4.95 and a 1 year high of $14.28. The firm’s 50-day moving average is $5.90 and its 200-day moving average is $8.57. The company has a market cap of $143.98 million, a P/E ratio of 19.79 and a beta of 0.87.

American Vanguard (NYSE:AVD) last issued its earnings results on Thursday, August 8th. The basic materials company reported ($0.09) earnings per share (EPS) 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 the consensus estimate of $134.20 million. American Vanguard had a positive return on equity of 1.85% and a negative net margin of 0.60%. On average, equities analysts expect that American Vanguard Co. will post 0.02 earnings per share for the current year.

Insider Activity at American Vanguard

In other American Vanguard news, insider Peter Eilers sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $5.80, for a total value of $29,000.00. Following the sale, the insider now directly owns 42,905 shares in the company, valued at approximately $248,849. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Peter Eilers sold 5,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $5.80, for a total value of $29,000.00. Following the sale, the insider now owns 42,905 shares of the company’s stock, valued at $248,849. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith M. Rosenbloom bought 25,000 shares of American Vanguard stock in a transaction on Tuesday, September 3rd. The shares were 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 in the company, valued at $7,090,471.08. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 163,047 shares of company stock worth $938,205 in the last 90 days. 10.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com upgraded American Vanguard from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Lake Street Capital started coverage on American Vanguard in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.