Wedge Capital Management L L P NC Has $522,000 Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Wedge Capital Management L L P NC boosted its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,421 shares of the company’s stock after acquiring an additional 4,392 shares during the period. Wedge Capital Management L L P NC owned 0.06% of AdvanSix worth $522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in AdvanSix by 26.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock worth $67,687,000 after acquiring an additional 458,622 shares during the period. American Century Companies Inc. grew its holdings in AdvanSix by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 451,565 shares of the company’s stock worth $14,035,000 after acquiring an additional 38,083 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in AdvanSix by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 412,850 shares of the company’s stock worth $12,831,000 after acquiring an additional 19,833 shares during the period. First Eagle Investment Management LLC grew its holdings in AdvanSix by 57.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 276,007 shares of the company’s stock worth $8,578,000 after acquiring an additional 100,236 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in AdvanSix by 2.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 249,741 shares of the company’s stock worth $7,762,000 after acquiring an additional 5,387 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Trading Up 0.4 %

Shares of NYSE ASIX opened at $26.02 on Friday. The company’s fifty day moving average is $27.24 and its 200-day moving average is $27.25. The stock has a market cap of $694.60 million, a price-to-earnings ratio of 13.69 and a beta of 1.73. AdvanSix Inc. has a twelve month low of $23.92 and a twelve month high of $40.85. 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 announced its quarterly earnings results on Friday, February 16th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The company 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%. Equities research analysts predict that AdvanSix Inc. will post 1.04 EPS for the current year.

AdvanSix Dividend Announcement

The business 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 annualized dividend and a yield of 2.46%. AdvanSix’s dividend payout ratio is currently 33.68%.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the business’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 sale, the chief executive officer now directly owns 557,755 shares of the company’s stock, valued at approximately $15,784,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,079,799.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $28.30, for a total transaction of $141,500.00. Following the sale, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,387 shares of company stock valued at $486,481. 5.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.