Director Macicek buys 12,000 AVD shares at $5.97; holds recovered from -53.0% 52-week trough.
Steven D Macicek, a director at American Vanguard, purchased 12,000 shares (12.0K shares) at $5.97 on 2024-11-15, expanding his holdings by 62.4% to 31,218 shares (31.2K shares). The purchase occurred near the 52-week low range; at $5.97, the stock was -53.0% from its 52-week high of $13.10. However, Macicek's cross-ticker track record reveals a pattern of poorly-timed buys: his three prior open-market purchases across all tickers averaged 90-day returns of -37.6%, with a 0.00% win rate at the 90-day mark. At American Vanguard specifically, all three of his prior trades (each on 2024-05-15) also showed negative 90-day outcomes, ranging from -37.4% to -37.8%. The company's fundamentals show strain: net income of $-25.7M in the latest quarter against revenue of $118.3M, with annual revenue declining 5.0% year-over-year. This purchase merits observation given the history of poor timing and the company's negative earnings environment.