AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 5,000 Shares

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the transaction, the chief executive officer now directly owns 522,795 shares in the company, valued at $15,830,232.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AdvanSix Stock Performance

Shares of NYSE ASIX traded up $0.51 during trading hours on Wednesday, hitting $30.73. 114,892 shares of the stock were exchanged, compared to its average volume of 145,597. AdvanSix Inc. has a one year low of $20.86 and a one year high of $31.47. The company’s 50 day moving average is $28.47 and its 200 day moving average is $26.14. 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 firm has a market capitalization of $824.15 million, a P/E ratio of 1,021.33 and a beta of 1.69.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, August 2nd. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.35. The company had revenue of $453.48 million during the quarter, compared to analysts’ expectations of $426.80 million. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. During the same period in the prior year, the company earned $1.18 earnings per share. On average, research analysts expect that AdvanSix Inc. will post 1.67 EPS for the current year.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.08%. The ex-dividend date was Tuesday, August 13th. AdvanSix’s dividend payout ratio is currently 2,133.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASIX. Wellington Management Group LLP increased its position in AdvanSix by 39.8% during the fourth quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock worth $5,498,000 after acquiring an additional 52,199 shares during the period. Quadrature Capital Ltd increased its holdings in shares of AdvanSix by 37.1% during the 4th quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock worth $269,000 after purchasing an additional 2,434 shares during the period. BNP Paribas Financial Markets raised its position in shares of AdvanSix by 89.8% during the first quarter. BNP Paribas Financial Markets now owns 13,203 shares of the company’s stock valued at $378,000 after buying an additional 6,245 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of AdvanSix by 8.1% in the first quarter. Empowered Funds LLC now owns 132,554 shares of the company’s stock valued at $3,791,000 after buying an additional 9,975 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in AdvanSix during the first quarter worth about $200,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

AdvanSix Company 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.