AdvanSix Inc. (NYSE:ASIX) SVP Sells $10,563.00 in Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 350 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $30.18, for a total transaction of $10,563.00. Following the transaction, the senior vice president now owns 33,601 shares in the company, valued at approximately $1,014,078.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AdvanSix Stock Up 2.6 %

ASIX stock opened at $32.00 on Friday. The firm has a market cap of $858.21 million, a PE ratio of 1,066.67 and a beta of 1.69. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.31. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $32.04. The business has a 50 day moving average of $28.73 and a 200 day moving average of $26.25.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.13 by $0.35. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. The company had revenue of $453.48 million for the quarter, compared to analysts’ expectations of $426.80 million. During the same period last year, the firm posted $1.18 earnings per share. On average, research analysts forecast that AdvanSix Inc. will post 1.67 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 13th. AdvanSix’s payout ratio is currently 2,133.33%.

Institutional Investors Weigh In On AdvanSix

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of AdvanSix during the third quarter valued at approximately $285,000. Point72 DIFC Ltd bought a new position in AdvanSix during the second quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in AdvanSix during the second quarter valued at approximately $51,000. Point72 Asset Management L.P. purchased a new position in AdvanSix during the 2nd quarter valued at approximately $55,000. Finally, Algert Global LLC increased its stake in AdvanSix by 200.6% in the 2nd quarter. Algert Global LLC now owns 59,153 shares of the company’s stock worth $1,356,000 after acquiring an additional 39,473 shares during the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report 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.