Everence Capital Management Inc. Takes Position in AdvanSix Inc. (NYSE:ASIX)

Everence Capital Management Inc. acquired a new stake in shares of AdvanSix Inc. (NYSE:ASIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,800 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently made changes to their positions in ASIX. Copeland Capital Management LLC purchased a new stake in shares of AdvanSix during the fourth quarter valued at approximately $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of AdvanSix during the first quarter valued at approximately $32,000. Tower Research Capital LLC TRC boosted its stake in shares of AdvanSix by 68.2% during the second 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 during the period. Osaic Holdings Inc. boosted its stake in shares of AdvanSix by 20.6% during the second quarter. Osaic Holdings Inc. now owns 4,164 shares of the company’s stock valued at $116,000 after purchasing an additional 710 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of AdvanSix by 30.1% during the first quarter. Captrust Financial Advisors now owns 2,656 shares of the company’s stock valued at $136,000 after purchasing an additional 614 shares during the period. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Insiders Place Their Bets

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.69, for a total value of $110,760.00. Following the completion of the transaction, the senior vice president now owns 38,996 shares in the company, valued at $1,079,799.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Erin N. Kane sold 3,002 shares of the firm’s 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 transaction, the chief executive officer now directly owns 552,755 shares in the company, valued at $15,521,360.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.69, for a total value of $110,760.00. Following the transaction, the senior vice president now owns 38,996 shares of the company’s stock, valued at $1,079,799.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,387 shares of company stock worth $486,481. 5.20% of the stock is owned by corporate insiders.

AdvanSix Price Performance

Shares of AdvanSix stock opened at $26.83 on Friday. 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 company has a market cap of $716.36 million, a PE ratio of 14.12 and a beta of 1.73. The business has a 50 day moving average of $27.25 and a 200 day moving average of $27.36. AdvanSix Inc. has a 52 week low of $23.92 and a 52 week high of $40.85.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $382.21 million during the quarter, compared to the consensus estimate of $335.80 million. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. As a group, equities research analysts forecast that AdvanSix Inc. will post 1.03 earnings per share for the current year.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.64 dividend on an annualized basis and a yield of 2.39%. AdvanSix’s dividend payout ratio (DPR) is 33.68%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reissued a “buy” rating and set a $40.00 price objective on shares of AdvanSix in a research note on Tuesday, April 9th.

AdvanSix 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.