AdvanSix Inc. (NYSE:ASIX) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 21.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,114 shares of the company’s stock after purchasing an additional 2,968 shares during the period. Inspire Investing LLC’s holdings in AdvanSix were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASIX. Charles Schwab Investment Management Inc. raised its holdings in shares of AdvanSix by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 437,393 shares of the company’s stock valued at $13,104,000 after acquiring an additional 24,543 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of AdvanSix during the fourth quarter worth approximately $344,000. Aigen Investment Management LP acquired a new position in AdvanSix in the 4th quarter valued at $208,000. Wellington Management Group LLP raised its stake in AdvanSix by 39.8% in the 4th quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock valued at $5,498,000 after purchasing an additional 52,199 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in AdvanSix by 37.1% in the 4th quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock valued at $269,000 after purchasing an additional 2,434 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Erin N. Kane sold 1,558 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.89, for a total value of $43,452.62. Following the completion of the sale, the chief executive officer now owns 536,237 shares of the company’s stock, valued at approximately $14,955,649.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 2,258 shares of company stock valued at $61,247 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

AdvanSix Trading Down 2.7 %

Shares of AdvanSix stock opened at $28.34 on Friday. AdvanSix Inc. has a 1-year low of $20.86 and a 1-year high of $31.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74. The stock has a market cap of $760.05 million, a P/E ratio of 944.67 and a beta of 1.69. The stock’s 50 day simple moving average is $27.93 and its 200-day simple moving average is $26.00.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.35. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. The company had revenue of $453.48 million for the quarter, compared to analyst estimates of $426.80 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. Analysts predict that AdvanSix Inc. will post 1.67 EPS for the current fiscal year.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 13th. AdvanSix’s payout ratio is currently 2,133.33%.

AdvanSix Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.