AdvanSix Inc. (NYSE:ASIX) Director Acquires $149,089.20 in Stock

AdvanSix Inc. (NYSE:ASIX) Director Donald P. Newman bought 5,030 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $29.64 per share, with a total value of $149,089.20. Following the completion of the purchase, the director now owns 5,030 shares of the company’s stock, valued at $149,089.20. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AdvanSix Stock Performance

ASIX opened at $31.16 on Friday. The business’s 50 day moving average is $29.73 and its 200-day moving average is $26.94. The stock has a market cap of $832.91 million, a PE ratio of 22.10 and a beta of 1.69. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $32.04.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.05%. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

Institutional Investors Weigh In On AdvanSix

Hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in shares of AdvanSix during the second quarter valued at approximately $34,000. Acadian Asset Management LLC bought a new stake in shares of AdvanSix during the second quarter valued at approximately $36,000. Copeland Capital Management LLC bought a new stake in AdvanSix during the third quarter worth approximately $41,000. Allspring Global Investments Holdings LLC bought a new stake in AdvanSix during the second quarter worth approximately $51,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in AdvanSix during the second quarter worth approximately $51,000. Institutional investors own 86.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ASIX. Piper Sandler lifted their target price on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.