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

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the sale, the chief executive officer now directly owns 502,795 shares of the company’s stock, valued at approximately $15,179,381.05. This represents a 0.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

AdvanSix Stock Performance

NYSE ASIX opened at $31.03 on Wednesday. The stock has a 50-day simple moving average of $30.14 and a two-hundred day simple moving average of $29.52. The firm has a market capitalization of $829.49 million, a P/E ratio of 22.01 and a beta of 1.76. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $33.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

Hedge Funds Weigh In On AdvanSix

Several institutional investors and hedge funds have recently modified their holdings of the business. Inspire Investing LLC increased its stake in shares of AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company’s stock valued at $445,000 after purchasing an additional 387 shares in the last quarter. Sheets Smith Wealth Management increased its stake in shares of AdvanSix by 3.7% in the 4th quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company’s stock valued at $449,000 after purchasing an additional 569 shares in the last quarter. Nilsine Partners LLC increased its stake in shares of AdvanSix by 3.1% in the 4th quarter. Nilsine Partners LLC now owns 21,288 shares of the company’s stock valued at $606,000 after purchasing an additional 650 shares in the last quarter. Meritage Portfolio Management increased its stake in shares of AdvanSix by 9.1% in the 3rd quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock valued at $317,000 after purchasing an additional 871 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of AdvanSix by 1.4% in the 4th quarter. Rhumbline Advisers now owns 84,984 shares of the company’s stock valued at $2,421,000 after purchasing an additional 1,198 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Analysts Set New Price Targets

ASIX has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th.

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.