Insider Selling: AdvanSix Inc. (NYSE:ASIX) SVP Sells 4,000 Shares of Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total value of $88,960.00. Following the sale, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AdvanSix Price Performance

Shares of ASIX stock traded down $0.23 during mid-day trading on Tuesday, reaching $22.42. The company’s stock had a trading volume of 114,943 shares, compared to its average volume of 137,437. AdvanSix Inc. has a 1-year low of $20.86 and a 1-year high of $33.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The firm’s 50-day moving average is $27.66 and its two-hundred day moving average is $29.09. The company has a market cap of $599.55 million, a P/E ratio of 13.92 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.40. The business had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, research analysts predict that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 10th. AdvanSix’s dividend payout ratio is currently 39.75%.

Analyst Ratings Changes

ASIX has been the subject of a number of research reports. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. UBS Group set a $35.00 target price on AdvanSix in a report on Tuesday, March 18th. Finally, Piper Sandler dropped their price target on AdvanSix from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th.

Institutional Trading of AdvanSix

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in AdvanSix by 48.6% in the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after buying an additional 153,686 shares during the period. Oliver Luxxe Assets LLC bought a new position in shares of AdvanSix during the 4th quarter valued at approximately $1,403,000. Barclays PLC increased its stake in shares of AdvanSix by 319.2% in the third quarter. Barclays PLC now owns 42,952 shares of the company’s stock worth $1,305,000 after purchasing an additional 32,706 shares in the last quarter. JPMorgan Chase & Co. grew its stake in AdvanSix by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company’s stock valued at $3,177,000 after acquiring an additional 13,316 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of AdvanSix by 162.8% during the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock valued at $1,565,000 after buying an additional 31,915 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

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.