Achilles B. Kintiroglou Sells 4,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIXGet Free Report) SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.69, for a total transaction of $110,760.00. Following the transaction, the senior vice president now owns 38,996 shares in the company, valued at approximately $1,079,799.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AdvanSix Price Performance

Shares of NYSE ASIX opened at $27.45 on Wednesday. AdvanSix Inc. has a 1 year low of $23.92 and a 1 year high of $41.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58. The company’s 50-day moving average is $26.80 and its 200 day moving average is $27.56. The stock has a market capitalization of $732.92 million, a P/E ratio of 14.45 and a beta of 1.73.

AdvanSix (NYSE:ASIXGet Free Report) last announced its quarterly earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. The company had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. On average, sell-side analysts expect that AdvanSix Inc. will post 0.94 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, March 1st. AdvanSix’s payout ratio is currently 33.68%.

Institutional Investors Weigh In On AdvanSix

Several hedge funds have recently bought and sold shares of ASIX. Bessemer Group Inc. lifted its stake in shares of AdvanSix by 58.8% in the second quarter. Bessemer Group Inc. now owns 737 shares of the company’s stock worth $25,000 after buying an additional 273 shares in the last quarter. Copeland Capital Management LLC bought a new position in AdvanSix during the fourth quarter valued at approximately $27,000. Point72 Hong Kong Ltd bought a new position in AdvanSix during the first quarter valued at approximately $32,000. Tower Research Capital LLC TRC lifted its position in AdvanSix by 68.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the company’s stock valued at $42,000 after purchasing an additional 482 shares during the period. Finally, Osaic Holdings Inc. lifted its position in AdvanSix by 20.6% during the second quarter. Osaic Holdings Inc. now owns 4,164 shares of the company’s stock valued at $116,000 after purchasing an additional 710 shares during the period. Institutional investors own 86.39% of the company’s stock.

About AdvanSix

(Get Free Report)

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.

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