Achilles B. Kintiroglou Sells 4,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $27.69, for a total transaction of $110,760.00. Following the completion of the transaction, the senior vice president now owns 38,996 shares of the company’s stock, valued at approximately $1,079,799.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AdvanSix Stock Performance

ASIX stock opened at $27.45 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58. The company has a 50 day moving average price of $26.80 and a 200 day moving average price of $27.56. AdvanSix Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $41.11. The stock has a market capitalization of $732.92 million, a PE ratio of 14.45 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last released its earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. The firm had revenue of $382.21 million during the quarter, compared to analyst estimates of $335.80 million. Analysts forecast that AdvanSix Inc. will post 0.94 EPS for the current year.

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Friday, March 1st. AdvanSix’s dividend payout ratio is presently 33.68%.

Institutional Trading of AdvanSix

A number of institutional investors have recently bought and sold shares of ASIX. Raymond James & Associates acquired a new stake in AdvanSix during the 1st quarter worth $2,682,000. Bank of New York Mellon Corp grew its holdings in shares of AdvanSix by 28.5% in the 1st quarter. Bank of New York Mellon Corp now owns 455,488 shares of the company’s stock valued at $23,270,000 after buying an additional 101,119 shares during the period. Private Advisor Group LLC acquired a new position in shares of AdvanSix in the 1st quarter valued at $221,000. Citigroup Inc. grew its holdings in shares of AdvanSix by 3.6% in the 1st quarter. Citigroup Inc. now owns 27,585 shares of the company’s stock valued at $1,409,000 after buying an additional 967 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of AdvanSix by 16.0% in the 1st quarter. Bank of Montreal Can now owns 8,967 shares of the company’s stock valued at $461,000 after buying an additional 1,236 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

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.