Versor Investments LP Purchases 2,100 Shares of AdvanSix Inc. (NYSE:ASIX)

Versor Investments LP grew its position in AdvanSix Inc. (NYSE:ASIX) by 27.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,700 shares of the company’s stock after buying an additional 2,100 shares during the period. Versor Investments LP’s holdings in AdvanSix were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Inspire Investing LLC lifted its stake in AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company’s stock valued at $445,000 after purchasing an additional 387 shares during the last quarter. Sheets Smith Wealth Management raised its stake in AdvanSix by 3.7% in the fourth quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company’s stock valued at $449,000 after buying an additional 569 shares during the period. Nilsine Partners LLC lifted its position in shares of AdvanSix by 3.1% in the fourth quarter. Nilsine Partners LLC now owns 21,288 shares of the company’s stock valued at $606,000 after buying an additional 650 shares during the last quarter. Meritage Portfolio Management boosted its stake in shares of AdvanSix by 9.1% during the 3rd quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock worth $317,000 after acquiring an additional 871 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of AdvanSix by 1.4% during the 4th quarter. Rhumbline Advisers now owns 84,984 shares of the company’s stock worth $2,421,000 after acquiring an additional 1,198 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ASIX. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Piper Sandler increased 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.

AdvanSix Trading Down 3.8 %

Shares of NYSE:ASIX opened at $26.85 on Tuesday. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $33.00. The business has a 50 day moving average of $29.55 and a 200-day moving average of $29.77. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a market cap of $718.08 million, a PE ratio of 16.68 and a beta of 1.76.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million during the quarter, compared to analysts’ expectations of $377.15 million. As a group, equities research analysts forecast that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.38%. AdvanSix’s payout ratio is presently 39.75%.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the sale, the chief executive officer now directly owns 502,795 shares in the company, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.60% of the stock is currently owned by corporate insiders.

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.