GSA Capital Partners LLP Sells 18,642 Shares of American Vanguard Corporation (NYSE:AVD)

GSA Capital Partners LLP cut its stake in American Vanguard Corporation (NYSE:AVD) by 12.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,055 shares of the basic materials company’s stock after selling 18,642 shares during the period. GSA Capital Partners LLP owned approximately 0.44% of American Vanguard worth $555,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AVD. Topline Capital Management LLC bought a new stake in American Vanguard in the 4th quarter valued at $3,758,000. Millennium Management LLC bought a new stake in American Vanguard in the 4th quarter valued at $2,666,000. CastleKnight Management LP bought a new stake in American Vanguard in the 4th quarter valued at $1,368,000. Jacobs Levy Equity Management Inc. boosted its holdings in American Vanguard by 63.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 444,574 shares of the basic materials company’s stock valued at $2,058,000 after purchasing an additional 173,349 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in shares of American Vanguard by 264.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 193,846 shares of the basic materials company’s stock valued at $898,000 after buying an additional 140,709 shares in the last quarter. 79.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of American Vanguard from a “hold” rating to a “buy” rating in a research note on Saturday. Lake Street Capital dropped their price objective on shares of American Vanguard from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, June 9th.

American Vanguard Trading Up 9.6%

Shares of AVD stock opened at $4.23 on Monday. American Vanguard Corporation has a 52-week low of $3.28 and a 52-week high of $8.91. The stock has a market cap of $120.26 million, a price-to-earnings ratio of -0.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.91. The firm has a fifty day moving average of $4.04 and a 200-day moving average of $4.47.

American Vanguard (NYSE:AVD) last announced its earnings results on Thursday, July 31st. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The business had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $130.00 million. American Vanguard had a negative net margin of 23.72% and a negative return on equity of 26.21%.

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.