Point72 Asia Singapore Pte. Ltd. Buys Shares of 2,225 AdvanSix Inc. (NYSE:ASIX)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AdvanSix Inc. (NYSE:ASIX) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,225 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in AdvanSix by 39.8% in the 4th quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock worth $5,498,000 after purchasing an additional 52,199 shares in the last quarter. Russell Investments Group Ltd. grew its position in AdvanSix by 227.0% during the 1st quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock valued at $4,309,000 after purchasing an additional 104,587 shares during the last quarter. Boston Partners purchased a new position in AdvanSix in the 1st quarter worth approximately $702,000. First Eagle Investment Management LLC lifted its holdings in shares of AdvanSix by 33.0% during the second quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after purchasing an additional 151,470 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in AdvanSix by 5.4% during the second quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock valued at $13,611,000 after purchasing an additional 30,500 shares during the period. 86.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 1,558 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 536,237 shares of the company’s stock, valued at $14,955,649.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.60% of the company’s stock.

AdvanSix Stock Performance

AdvanSix stock opened at $30.36 on Tuesday. The firm has a market capitalization of $814.22 million, a P/E ratio of 1,012.00 and a beta of 1.69. The company’s 50-day moving average is $28.33 and its 200 day moving average is $26.08. 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.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data 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 firm had revenue of $453.48 million for the quarter, compared to the consensus estimate of $426.80 million. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. During the same period last year, the firm earned $1.18 earnings per share. Research analysts forecast that AdvanSix Inc. will post 1.67 EPS for the current year.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Tuesday, August 13th. AdvanSix’s dividend payout ratio (DPR) is presently 2,133.33%.

Analyst Ratings Changes

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

About AdvanSix

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.