Segall Bryant & Hamill LLC Acquires New Holdings in AdvanSix Inc. (NYSE:ASIX)

Segall Bryant & Hamill LLC acquired a new stake in AdvanSix Inc. (NYSE:ASIX) in the third quarter, HoldingsChannel reports. The firm acquired 12,661 shares of the company’s stock, valued at approximately $385,000.

A number of other large investors have also added to or reduced their stakes in the business. Copeland Capital Management LLC acquired a new position in shares of AdvanSix in the 3rd quarter worth approximately $41,000. Point72 DIFC Ltd acquired a new position in shares of AdvanSix in the 2nd quarter worth approximately $34,000. Acadian Asset Management LLC acquired a new position in shares of AdvanSix in the 2nd quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AdvanSix in the 2nd quarter worth approximately $51,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of AdvanSix in the 2nd quarter worth approximately $51,000. Institutional investors own 86.39% of the company’s stock.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the sale, the chief executive officer now owns 517,795 shares in the company, valued at $15,725,434.15. This represents a 0.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher Gramm sold 2,435 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total transaction of $77,920.00. Following the completion of the sale, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,418 shares of company stock worth $411,626. 5.60% of the stock is owned by corporate insiders.

AdvanSix Stock Performance

NYSE:ASIX opened at $31.68 on Monday. The firm has a market capitalization of $846.81 million, a P/E ratio of 22.47 and a beta of 1.69. The company has a fifty day moving average of $29.90 and a 200-day moving average of $27.05. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $32.04.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

Analyst Ratings Changes

Several analysts have recently weighed in on ASIX shares. Piper Sandler lifted their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

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.