Erin N. Kane Sells 3,002 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 3,002 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $28.08, for a total transaction of $84,296.16. Following the completion of the sale, the chief executive officer now directly owns 552,755 shares of the company’s stock, valued at approximately $15,521,360.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AdvanSix Price Performance

AdvanSix stock opened at $28.47 on Friday. AdvanSix Inc. has a 52-week low of $23.92 and a 52-week high of $41.11. The firm has a fifty day moving average of $26.92 and a 200-day moving average of $27.55. The firm has a market capitalization of $760.02 million, a P/E ratio of 14.98 and a beta of 1.73. The company has a quick ratio of 0.58, a current ratio of 1.17 and a debt-to-equity ratio of 0.23.

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

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, March 1st. AdvanSix’s payout ratio is currently 33.68%.

Institutional Investors Weigh In On AdvanSix

Several large investors have recently made changes to their positions in ASIX. Copeland Capital Management LLC acquired a new stake in AdvanSix during the 4th quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new stake in AdvanSix during the 1st quarter valued at $32,000. Tower Research Capital LLC TRC grew its holdings in AdvanSix by 68.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the company’s stock valued at $42,000 after purchasing an additional 482 shares in the last quarter. Osaic Holdings Inc. grew its holdings in AdvanSix by 20.6% during the 2nd quarter. Osaic Holdings Inc. now owns 4,164 shares of the company’s stock valued at $116,000 after purchasing an additional 710 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in AdvanSix by 30.1% during the 1st quarter. Captrust Financial Advisors now owns 2,656 shares of the company’s stock valued at $136,000 after purchasing an additional 614 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.