Achilles Kintiroglou Sells 577 Shares of AdvanSix (NYSE:ASIX) Stock

AdvanSix (NYSE:ASIX) SVP Achilles Kintiroglou sold 577 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $20.00, for a total transaction of $11,540.00. Following the completion of the transaction, the senior vice president owned 30,265 shares in the company, valued at $605,300. The trade was a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

AdvanSix Stock Up 1.5%

NYSE ASIX opened at $19.67 on Friday. AdvanSix has a 1 year low of $17.97 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.66. The business’s 50-day moving average is $20.13 and its 200 day moving average is $21.84. The stock has a market capitalization of $528.02 million, a PE ratio of 6.93 and a beta of 1.64.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. AdvanSix’s dividend payout ratio (DPR) is presently 22.54%.

Analyst Ratings Changes

Several brokerages have commented on ASIX. Wall Street Zen lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AdvanSix in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Hedge Funds Weigh In On AdvanSix

Several large investors have recently made changes to their positions in the business. Two Sigma Investments LP grew its stake in shares of AdvanSix by 116.5% in the 4th quarter. Two Sigma Investments LP now owns 15,074 shares of the company’s stock worth $429,000 after buying an additional 8,112 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AdvanSix by 29.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,279 shares of the company’s stock worth $2,031,000 after acquiring an additional 16,078 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of AdvanSix by 29.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,847 shares of the company’s stock valued at $224,000 after acquiring an additional 1,780 shares in the last quarter. GAMMA Investing LLC raised its position in shares of AdvanSix by 5,551.0% in the 1st quarter. GAMMA Investing LLC now owns 44,530 shares of the company’s stock worth $1,009,000 after purchasing an additional 43,742 shares during the last quarter. Finally, Nilsine Partners LLC raised its position in shares of AdvanSix by 2.8% in the 1st quarter. Nilsine Partners LLC now owns 21,891 shares of the company’s stock worth $496,000 after purchasing an additional 603 shares during the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

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.