Mesirow Financial Investment Management Inc. Sells 2,738 Shares of AdvanSix Inc. (NYSE:ASIX)

Mesirow Financial Investment Management Inc. lowered its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 23.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,093 shares of the company’s stock after selling 2,738 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in AdvanSix were worth $260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caxton Associates LP bought a new position in shares of AdvanSix during the 3rd quarter valued at about $250,000. Quadrature Capital Ltd purchased a new position in AdvanSix during the 3rd quarter valued at approximately $204,000. AQR Capital Management LLC increased its stake in AdvanSix by 12.5% in the 3rd quarter. AQR Capital Management LLC now owns 148,621 shares of the company’s stock worth $4,619,000 after acquiring an additional 16,525 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of AdvanSix by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 451,565 shares of the company’s stock worth $14,035,000 after acquiring an additional 38,083 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of AdvanSix during the 3rd quarter valued at approximately $4,081,000. Institutional investors own 86.39% of the company’s stock.

Insider Activity

In other AdvanSix news, CEO Erin N. Kane sold 3,002 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $28.08, for a total value of $84,296.16. Following the transaction, the chief executive officer now directly owns 552,755 shares in the company, valued at approximately $15,521,360.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Achilles B. Kintiroglou sold 3,661 shares of AdvanSix stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total transaction of $92,367.03. Following the transaction, the senior vice president now directly owns 35,335 shares of the company’s stock, valued at $891,502.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Erin N. Kane sold 3,002 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $28.08, for a total transaction of $84,296.16. Following the completion of the transaction, the chief executive officer now directly owns 552,755 shares of the company’s stock, valued at approximately $15,521,360.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,013 shares of company stock valued at $184,713. 5.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price objective on shares of AdvanSix in a research report on Tuesday, April 9th.

AdvanSix Trading Down 0.0 %

Shares of AdvanSix stock traded down $0.01 on Wednesday, reaching $22.15. The company had a trading volume of 46,649 shares, compared to its average volume of 146,318. The firm has a market cap of $594.06 million, a price-to-earnings ratio of 738.25 and a beta of 1.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.71. The firm’s 50-day moving average price is $23.85 and its two-hundred day moving average price is $26.13. AdvanSix Inc. has a 1 year low of $21.55 and a 1 year high of $40.85.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, May 3rd. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.02). The firm had revenue of $336.83 million for the quarter, compared to analysts’ expectations of $344.63 million. AdvanSix had a return on equity of 0.06% and a net margin of 0.15%. As a group, research analysts predict that AdvanSix Inc. will post 1.22 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.16 per share. The ex-dividend date was Monday, May 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.89%. AdvanSix’s dividend payout ratio (DPR) is presently 2,134.04%.

AdvanSix 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.