AdvanSix Inc. (NYSE:ASIX) SVP Sells $110,760.00 in Stock

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

AdvanSix Trading Up 0.9 %

Shares of ASIX stock opened at $27.45 on Wednesday. The company’s fifty day simple moving average is $26.80 and its two-hundred day simple moving average is $27.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58. AdvanSix Inc. has a 1 year low of $23.92 and a 1 year high of $41.11. The stock has a market capitalization of $732.92 million, a price-to-earnings ratio of 14.45 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. As a group, analysts anticipate that AdvanSix Inc. will post 0.94 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.16 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.33%. AdvanSix’s dividend payout ratio (DPR) is presently 33.68%.

Institutional Investors Weigh In On AdvanSix

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its position in shares of AdvanSix by 58.8% in the second quarter. Bessemer Group Inc. now owns 737 shares of the company’s stock worth $25,000 after buying an additional 273 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of AdvanSix in the fourth quarter worth $27,000. Point72 Hong Kong Ltd bought a new position in AdvanSix in the first quarter valued at $32,000. Tower Research Capital LLC TRC increased its stake in AdvanSix by 68.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the company’s stock valued at $42,000 after acquiring an additional 482 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in AdvanSix by 20.6% in the second quarter. Osaic Holdings Inc. now owns 4,164 shares of the company’s stock valued at $116,000 after acquiring an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

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.