AdvanSix Inc. (NYSE:ASIX) Shares Purchased by Nilsine Partners LLC

Nilsine Partners LLC boosted its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,288 shares of the company’s stock after buying an additional 650 shares during the quarter. Nilsine Partners LLC’s holdings in AdvanSix were worth $606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of AdvanSix by 86.2% during the third quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after acquiring an additional 261,964 shares during the last quarter. Wellington Management Group LLP lifted its holdings in AdvanSix by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after purchasing an additional 153,686 shares in the last quarter. Millennium Management LLC boosted its stake in shares of AdvanSix by 83.8% during the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock worth $3,192,000 after purchasing an additional 63,489 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of AdvanSix by 117.4% during the third quarter. Sigma Planning Corp now owns 8,730 shares of the company’s stock worth $265,000 after buying an additional 58,870 shares in the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new position in shares of AdvanSix in the fourth quarter valued at approximately $1,403,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Trading Down 1.7 %

NYSE ASIX opened at $31.76 on Wednesday. The company has a market cap of $848.94 million, a P/E ratio of 22.52 and a beta of 1.76. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $33.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The company has a 50-day moving average of $30.16 and a 200-day moving average of $29.33.

AdvanSix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s dividend payout ratio (DPR) is 45.39%.

Insiders Place Their Bets

In other news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total transaction of $140,750.00. Following the completion of the sale, the chief executive officer now directly owns 507,795 shares in the company, valued at $14,294,429.25. This represents a 0.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Gramm sold 2,435 shares of AdvanSix stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the transaction, the insider now owns 43,463 shares in the company, valued at $1,390,816. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,749 shares of company stock valued at $444,205 over the last quarter. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

ASIX has been the topic of a number of analyst reports. StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler raised their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th.

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.