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

AdvanSix Inc. (NYSE:ASIXGet Free Report) SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.69, for a total transaction of $110,760.00. Following the completion of the transaction, the senior vice president now directly owns 38,996 shares of the company’s stock, valued at approximately $1,079,799.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AdvanSix Stock Up 0.9 %

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 1-year low of $23.92 and a 1-year high of $41.11. The company’s fifty day moving average price is $26.80 and its 200-day moving average price is $27.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58.

AdvanSix (NYSE:ASIXGet Free Report) last released its quarterly earnings data on Friday, February 16th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The firm 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%. As a group, equities research analysts anticipate that AdvanSix Inc. will post 0.94 EPS for the current year.

AdvanSix Announces Dividend

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

Institutional Trading of AdvanSix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in AdvanSix during the first quarter valued at $32,000. Bessemer Group Inc. grew its position in AdvanSix by 58.8% during the second quarter. Bessemer Group Inc. now owns 737 shares of the company’s stock valued at $25,000 after buying an additional 273 shares during the period. Copeland Capital Management LLC acquired a new stake in AdvanSix during the fourth quarter valued at $27,000. Tower Research Capital LLC TRC grew 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 buying an additional 482 shares during the period. Finally, Captrust Financial Advisors grew its position in AdvanSix by 30.1% during the first quarter. Captrust Financial Advisors now owns 2,656 shares of the company’s stock valued at $136,000 after buying an additional 614 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

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.

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