AdvanSix Inc. (NYSE:ASIX) SVP Sells $10,563.00 in Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 350 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $30.18, for a total value of $10,563.00. Following the completion of the sale, the senior vice president now directly owns 33,601 shares of the company’s stock, valued at approximately $1,014,078.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

AdvanSix Stock Up 1.7 %

AdvanSix stock traded up $0.51 during mid-day trading on Wednesday, reaching $30.73. 114,892 shares of the company were exchanged, compared to its average volume of 145,597. The business has a fifty day moving average of $28.47 and a 200 day moving average of $26.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.39. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $31.47. The firm has a market cap of $824.15 million, a P/E ratio of 1,021.33 and a beta of 1.69.

AdvanSix (NYSE:ASIX) last announced 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 the consensus estimate of $426.80 million. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. During the same period in the previous year, the company posted $1.18 earnings per share. Research analysts anticipate that AdvanSix Inc. will post 1.67 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

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

Institutional Investors Weigh In On AdvanSix

A number of institutional investors have recently modified their holdings of ASIX. Point72 DIFC Ltd acquired a new stake in AdvanSix during the 2nd quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AdvanSix during the 2nd quarter valued at $51,000. Point72 Asset Management L.P. purchased a new stake in AdvanSix during the 2nd quarter worth $55,000. Algert Global LLC increased its position in shares of AdvanSix by 200.6% in the 2nd quarter. Algert Global LLC now owns 59,153 shares of the company’s stock worth $1,356,000 after purchasing an additional 39,473 shares during the last quarter. Finally, Meros Investment Management LP raised its holdings in shares of AdvanSix by 27.1% during the second quarter. Meros Investment Management LP now owns 127,295 shares of the company’s stock worth $2,918,000 after purchasing an additional 27,123 shares during the period. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.