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

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $30.37, for a total value of $151,850.00. Following the transaction, the chief executive officer now directly owns 517,795 shares in the company, valued at approximately $15,725,434.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

AdvanSix Stock Down 0.5 %

ASIX stock opened at $29.64 on Wednesday. The stock has a market capitalization of $791.77 million, a PE ratio of 21.02 and a beta of 1.69. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $32.04. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $29.29 and a 200 day moving average of $26.59.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.16%. AdvanSix’s payout ratio is currently 45.39%.

Hedge Funds Weigh In On AdvanSix

Hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in AdvanSix during the 2nd quarter valued at about $34,000. Acadian Asset Management LLC purchased a new stake in AdvanSix in the second quarter valued at approximately $36,000. Copeland Capital Management LLC purchased a new stake in AdvanSix in the third quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC acquired a new position in AdvanSix in the 2nd quarter worth approximately $51,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in AdvanSix during the 2nd quarter worth approximately $51,000. 86.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

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.