AdvanSix Inc. (NYSE:ASIX - Get Free Report) SVP Achilles B. Kintiroglou sold 571 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $23.65, for a total value of $13,504.15. Following the completion of the sale, the senior vice president now owns 32,555 shares of the company's stock, valued at $769,925.75. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
AdvanSix Stock Down 0.3%
AdvanSix stock opened at $23.78 on Thursday. AdvanSix Inc. has a twelve month low of $18.44 and a twelve month high of $33.00. The stock has a 50 day moving average of $22.05 and a two-hundred day moving average of $26.48. The stock has a market capitalization of $637.61 million, a price-to-earnings ratio of 14.77 and a beta of 1.59. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.
AdvanSix Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is presently 20.51%.
Institutional Investors Weigh In On AdvanSix
Several hedge funds have recently modified their holdings of ASIX. Inspire Investing LLC grew its stake in shares of AdvanSix by 12.5% in the first quarter. Inspire Investing LLC now owns 17,574 shares of the company's stock valued at $398,000 after buying an additional 1,946 shares in the last quarter. Strs Ohio acquired a new position in shares of AdvanSix during the 1st quarter valued at $344,000. Empowered Funds LLC grew its position in AdvanSix by 2.0% in the first quarter. Empowered Funds LLC now owns 161,339 shares of the company's stock worth $3,654,000 after buying an additional 3,217 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of AdvanSix by 599,160.0% in the first quarter. Jones Financial Companies Lllp now owns 389,519 shares of the company's stock valued at $8,823,000 after purchasing an additional 389,454 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of AdvanSix by 58.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,423 shares of the company's stock valued at $712,000 after buying an additional 11,617 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have weighed in on ASIX shares. Piper Sandler set a $32.00 target price on shares of AdvanSix in a research report on Monday, May 19th. UBS Group set a $35.00 target price on shares of AdvanSix in a research note on Tuesday, March 18th. Finally, Wall Street Zen raised shares of AdvanSix from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st.
Read Our Latest Stock Analysis on AdvanSix
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
