Insider Selling: AdvanSix Inc. (NYSE:ASIX) SVP Sells $11,253.00 in Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 363 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $31.00, for a total transaction of $11,253.00. Following the completion of the transaction, the senior vice president now directly owns 33,238 shares in the company, valued at $1,030,378. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AdvanSix Price Performance

ASIX stock opened at $31.72 on Thursday. 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 Inc. has a 52 week low of $20.86 and a 52 week high of $32.04. The firm’s fifty day moving average is $29.32 and its 200 day moving average is $26.63. The firm has a market cap of $847.34 million, a P/E ratio of 22.50 and a beta of 1.69.

AdvanSix Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AdvanSix

Several institutional investors and hedge funds have recently made changes to their positions in ASIX. Point72 DIFC Ltd bought a new position in shares of AdvanSix during the 2nd quarter valued at $34,000. Acadian Asset Management LLC purchased a new stake in AdvanSix during the 2nd quarter valued at $36,000. Copeland Capital Management LLC purchased a new stake in AdvanSix during the 3rd quarter valued at $41,000. Allspring Global Investments Holdings LLC purchased a new stake in AdvanSix during the 2nd quarter valued at $51,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in AdvanSix during the 2nd quarter valued at $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.