AdvanSix Inc. (NYSE:ASIX) Director Donald P. Newman Buys 5,030 Shares

AdvanSix Inc. (NYSE:ASIX) Director Donald P. Newman bought 5,030 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $29.64 per share, for a total transaction of $149,089.20. Following the acquisition, the director now directly owns 5,030 shares of the company’s stock, valued at $149,089.20. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AdvanSix Stock Performance

AdvanSix stock traded down $0.62 during mid-day trading on Tuesday, hitting $29.09. 83,431 shares of the company’s stock traded hands, compared to its average volume of 141,591. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $29.60 and a two-hundred day simple moving average of $26.84. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $32.04. The stock has a market cap of $777.58 million, a price-to-earnings ratio of 21.07 and a beta of 1.69.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, November 12th. AdvanSix’s dividend payout ratio is presently 45.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Piper Sandler raised their target price on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in AdvanSix by 89.8% during the first quarter. BNP Paribas Financial Markets now owns 13,203 shares of the company’s stock worth $378,000 after buying an additional 6,245 shares in the last quarter. Russell Investments Group Ltd. increased its position in AdvanSix by 227.0% during the 1st quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock worth $4,309,000 after purchasing an additional 104,587 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in AdvanSix by 48.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,192 shares of the company’s stock valued at $320,000 after purchasing an additional 3,630 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of AdvanSix by 8.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,305 shares of the company’s stock valued at $694,000 after acquiring an additional 1,904 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of AdvanSix in the first quarter valued at approximately $215,000. Institutional investors own 86.39% of the company’s stock.

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.