AdvanSix Inc. (NYSE:ASIX) CEO Sells $151,850.00 in Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the transaction, the chief executive officer now directly owns 517,795 shares of the company’s stock, valued at $15,725,434.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AdvanSix Stock Up 7.0 %

Shares of ASIX opened at $31.72 on Thursday. The business’s fifty day moving average price is $29.32 and its two-hundred day moving average price is $26.63. The firm has a market capitalization of $847.34 million, a price-to-earnings ratio of 22.50 and a beta of 1.69. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $32.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, November 12th. AdvanSix’s dividend payout ratio is 45.39%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Institutional Trading of AdvanSix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its stake in shares of AdvanSix by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after purchasing an additional 151,470 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in AdvanSix by 227.0% in the first quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock valued at $4,309,000 after buying an additional 104,587 shares during the period. Deprince Race & Zollo Inc. boosted its stake in AdvanSix by 45.2% in the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock valued at $5,955,000 after acquiring an additional 80,915 shares during the last quarter. Millennium Management LLC grew its holdings in AdvanSix by 83.8% during the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock worth $3,192,000 after acquiring an additional 63,489 shares during the period. Finally, Sigma Planning Corp raised its position in shares of AdvanSix by 117.4% during the 3rd quarter. Sigma Planning Corp now owns 8,730 shares of the company’s stock valued at $265,000 after acquiring an additional 58,870 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

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.