Insider Selling: AdvanSix Inc. (NYSE:ASIX) CEO Sells 5,000 Shares of Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total value of $141,500.00. Following the transaction, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AdvanSix Trading Up 0.9 %

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

AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Friday, February 16th. The company reported ($0.17) 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 business had revenue of $382.21 million during the quarter, compared to analysts’ expectations of $335.80 million. As a group, analysts predict that AdvanSix Inc. will post 0.94 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

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

Hedge Funds Weigh In On AdvanSix

A number of hedge funds have recently modified their holdings of ASIX. Bessemer Group Inc. grew its stake in AdvanSix by 58.8% in the second quarter. Bessemer Group Inc. now owns 737 shares of the company’s stock valued at $25,000 after purchasing an additional 273 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of AdvanSix during the 4th quarter valued at about $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of AdvanSix during the 1st quarter valued at about $32,000. Tower Research Capital LLC TRC grew its stake in shares of AdvanSix by 68.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the company’s stock valued at $42,000 after buying an additional 482 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in 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 acquiring an additional 710 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

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.