AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 1,385 Shares

AdvanSix Inc. (NYSE:ASIXGet Free Report) CEO Erin N. Kane sold 1,385 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.96, for a total transaction of $38,724.60. Following the completion of the transaction, the chief executive officer now directly owns 556,370 shares in the company, valued at $15,556,105.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AdvanSix Price Performance

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

AdvanSix (NYSE:ASIXGet Free Report) last issued its earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $382.21 million for the quarter, compared to analyst estimates of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. Analysts forecast that AdvanSix Inc. will post 0.94 EPS for the current fiscal year.

AdvanSix Announces Dividend

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

Institutional Investors Weigh In On AdvanSix

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of AdvanSix by 0.5% in the 2nd quarter. BlackRock Inc. now owns 4,684,751 shares of the company’s stock worth $163,873,000 after buying an additional 21,938 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of AdvanSix by 18.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,579,152 shares of the company’s stock worth $77,271,000 after buying an additional 401,322 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of AdvanSix by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,412,703 shares of the company’s stock worth $77,447,000 after buying an additional 121,556 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AdvanSix by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,623,799 shares of the company’s stock worth $62,142,000 after buying an additional 48,076 shares in the last quarter. Finally, State Street Corp boosted its position in shares of AdvanSix by 2.2% in the 2nd quarter. State Street Corp now owns 976,269 shares of the company’s stock worth $32,646,000 after buying an additional 20,914 shares in the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

AdvanSix Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for AdvanSix (NYSE:ASIX)

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