AdvanSix (NYSE:ASIX) Reaches New 12-Month Low at $21.47

Shares of AdvanSix Inc. (NYSE:ASIX) hit a new 52-week low during trading on Friday . The company traded as low as $21.47 and last traded at $21.47, with a volume of 7479 shares traded. The stock had previously closed at $22.15.

Analyst Upgrades and Downgrades

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

AdvanSix Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 1.38. The stock has a 50-day simple moving average of $23.69 and a 200 day simple moving average of $26.07. The company has a market cap of $579.02 million, a P/E ratio of 738.33 and a beta of 1.70.

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

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a $0.16 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.96%. AdvanSix’s payout ratio is 2,133.33%.

Insider Buying and Selling at AdvanSix

In other news, SVP Achilles B. Kintiroglou sold 3,661 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $25.23, for a total value of $92,367.03. Following the transaction, the senior vice president now directly owns 35,335 shares in the company, valued at approximately $891,502.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASIX. Victory Capital Management Inc. lifted its holdings in AdvanSix by 18.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,579,152 shares of the company’s stock worth $77,271,000 after acquiring an additional 401,322 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of AdvanSix in the 4th quarter valued at about $4,191,000. First Eagle Investment Management LLC raised its stake in shares of AdvanSix by 47.6% in the 4th quarter. First Eagle Investment Management LLC now owns 407,407 shares of the company’s stock valued at $12,206,000 after purchasing an additional 131,400 shares during the period. Wellington Management Group LLP acquired a new stake in shares of AdvanSix in the 3rd quarter valued at about $4,081,000. Finally, Russell Investments Group Ltd. raised its stake in shares of AdvanSix by 227.0% in the 1st quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock valued at $4,309,000 after purchasing an additional 104,587 shares during the period. 86.39% of the stock is currently owned by institutional investors.

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.