AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 5,000 Shares

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the completion of the transaction, the chief executive officer now directly owns 507,795 shares in the company, valued at $14,294,429.25. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AdvanSix Trading Down 0.2 %

Shares of NYSE:ASIX opened at $27.60 on Monday. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $33.00. The company has a market cap of $737.78 million, a PE ratio of 19.57 and a beta of 1.76. The stock has a 50 day moving average of $30.07 and a 200 day moving average of $28.38. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.32%. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

Institutional Trading of AdvanSix

Several institutional investors and hedge funds have recently modified their holdings of the company. Meritage Portfolio Management increased its stake in AdvanSix by 9.1% in the 3rd quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock worth $317,000 after buying an additional 871 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of AdvanSix in the third quarter worth about $41,000. Public Employees Retirement System of Ohio grew its position in shares of AdvanSix by 29.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after purchasing an additional 1,396 shares in the last quarter. Point72 DIFC Ltd bought a new stake in AdvanSix during the 2nd quarter valued at approximately $34,000. Finally, Acadian Asset Management LLC bought a new stake in AdvanSix during the 2nd quarter valued at approximately $36,000. 86.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASIX. StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th.

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.