AdvanSix Inc. (NYSE:ASIX) Short Interest Update

AdvanSix Inc. (NYSE:ASIX) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 325,200 shares, a growth of 12.3% from the May 31st total of 289,500 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 133,600 shares, the short-interest ratio is presently 2.4 days.

AdvanSix Stock Down 0.0 %

Shares of NYSE ASIX traded down $0.01 during midday trading on Wednesday, reaching $22.15. 46,649 shares of the company’s stock traded hands, compared to its average volume of 146,318. The company has a market cap of $594.06 million, a price-to-earnings ratio of 738.25 and a beta of 1.70. The stock’s 50 day simple moving average is $23.85 and its 200-day simple moving average is $26.13. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. AdvanSix has a one year low of $21.55 and a one year high of $40.85.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, May 3rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.02). AdvanSix had a net margin of 0.15% and a return on equity of 0.06%. The company had revenue of $336.83 million for the quarter, compared to the consensus estimate of $344.63 million. On average, analysts predict that AdvanSix will post 1.22 EPS for the current fiscal year.

AdvanSix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were paid a $0.16 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.64 annualized dividend and a yield of 2.89%. AdvanSix’s dividend payout ratio (DPR) is presently 2,134.04%.

Insider Activity at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 3,002 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $28.08, for a total value of $84,296.16. Following the transaction, the chief executive officer now owns 552,755 shares of the company’s stock, valued at approximately $15,521,360.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Achilles B. Kintiroglou sold 3,661 shares of AdvanSix stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total transaction of $92,367.03. Following the completion of the sale, the senior vice president now owns 35,335 shares in the company, valued at approximately $891,502.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Erin N. Kane sold 3,002 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $28.08, for a total value of $84,296.16. Following the completion of the sale, the chief executive officer now owns 552,755 shares of the company’s stock, valued at approximately $15,521,360.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,013 shares of company stock worth $184,713. Company insiders own 5.60% of the company’s stock.

Institutional Trading of AdvanSix

Several hedge funds have recently modified their holdings of ASIX. Copeland Capital Management LLC purchased a new position in shares of AdvanSix in the 4th quarter worth approximately $27,000. Quadrature Capital Ltd purchased a new position in AdvanSix in the third quarter worth $204,000. Aigen Investment Management LP acquired a new position in shares of AdvanSix during the fourth quarter worth $208,000. Inspire Advisors LLC acquired a new position in shares of AdvanSix during the first quarter worth $200,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of AdvanSix during the 1st quarter valued at $215,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price on shares of AdvanSix in a report on Tuesday, April 9th.

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.