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 stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $28.15, for a total value of $140,750.00. Following the transaction, the chief executive officer now directly owns 507,795 shares of the company’s stock, valued at approximately $14,294,429.25. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

AdvanSix Trading Down 0.2 %

NYSE ASIX traded down $0.05 during trading hours on Friday, hitting $27.60. 93,120 shares of the company were exchanged, compared to its average volume of 110,110. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00. 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 stock has a 50-day moving average price of $30.10 and a 200 day moving average price of $28.31. The stock has a market cap of $737.78 million, a PE ratio of 19.57 and a beta of 1.73.

AdvanSix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.32%. AdvanSix’s payout ratio is presently 45.39%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ASIX. Piper Sandler upped their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in AdvanSix during the 2nd quarter valued at about $34,000. Acadian Asset Management LLC purchased a new stake in shares of AdvanSix in the second quarter worth approximately $36,000. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the 3rd quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in AdvanSix during the 2nd quarter valued at $51,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in AdvanSix during the 2nd quarter valued at $51,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

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.