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 the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the completion of the sale, the chief executive officer now owns 507,795 shares in the company, valued at $14,294,429.25. The trade was a 0.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AdvanSix Stock Performance

Shares of ASIX stock traded down $0.05 during trading hours on Friday, reaching $27.60. The company had a trading volume of 93,120 shares, compared to its average volume of 110,110. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The business has a fifty day moving average price of $30.10 and a 200-day moving average price of $28.31. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00. The firm has a market cap of $737.78 million, a PE ratio of 19.57 and a beta of 1.73.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.32%. AdvanSix’s payout ratio is 45.39%.

Wall Street Analyst Weigh In

ASIX has been the subject of several recent analyst reports. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler increased their price target on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, November 8th.

Institutional Trading of AdvanSix

Several large investors have recently modified their holdings of ASIX. Copeland Capital Management LLC bought a new position in shares of AdvanSix in the 3rd quarter worth approximately $41,000. Point72 DIFC Ltd bought a new position in shares of AdvanSix in the second quarter worth approximately $34,000. Acadian Asset Management LLC purchased a new stake in AdvanSix in the 2nd quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in AdvanSix during the 2nd quarter valued at approximately $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of AdvanSix during the second quarter valued at approximately $51,000. Institutional investors own 86.39% of the company’s stock.

About AdvanSix

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.