AdvanSix Inc. (NYSE:ASIX) CEO Sells $38,724.60 in Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 1,385 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $27.96, for a total transaction of $38,724.60. Following the transaction, the chief executive officer now owns 556,370 shares of the company’s stock, valued at approximately $15,556,105.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

AdvanSix Trading Up 0.9 %

NYSE ASIX opened at $27.45 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a market cap of $732.92 million, a PE ratio of 14.45 and a beta of 1.73. 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 52 week low of $23.92 and a 52 week high of $41.11.

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

AdvanSix Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in AdvanSix during the 3rd quarter valued at approximately $4,081,000. Richard Bernstein Advisors LLC acquired a new position in AdvanSix during the 3rd quarter valued at approximately $2,370,000. Victory Capital Management Inc. increased its stake in AdvanSix by 26.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock valued at $67,687,000 after purchasing an additional 458,622 shares in the last quarter. Foundry Partners LLC increased its stake in AdvanSix by 45.3% during the 3rd quarter. Foundry Partners LLC now owns 135,634 shares of the company’s stock valued at $4,216,000 after purchasing an additional 42,286 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in AdvanSix by 10.9% during the 3rd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock valued at $349,000 after purchasing an additional 1,103 shares in the last quarter. 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.