Insider Selling: AdvanSix Inc. (NYSE:ASIX) Insider Sells $62,432.00 in Stock

AdvanSix Inc. (NYSE:ASIX) insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $32.00, for a total value of $62,432.00. Following the sale, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This represents a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Christopher Gramm also recently made the following trade(s):

• On Wednesday, November 6th, Christopher Gramm sold 2,435 shares of AdvanSix stock. The stock was sold at an average price of $32.00, for a total transaction of $77,920.00.
• On Friday, October 4th, Christopher Gramm sold 270 shares of AdvanSix stock. The shares were sold at an average price of $32.00, for a total transaction of $8,640.00.

AdvanSix Stock Down 0.9 %

AdvanSix stock opened at $31.62 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $32.63. The firm has a fifty day moving average price of $30.18 and a two-hundred day moving average price of $27.23. The firm has a market cap of $845.23 million, a price-to-earnings ratio of 22.43 and a beta of 1.69.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. AdvanSix’s dividend payout ratio is presently 45.39%.

Institutional Investors Weigh In On AdvanSix

Several hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC bought a new position in shares of AdvanSix during the 3rd quarter worth about $41,000. Point72 DIFC Ltd bought a new position in AdvanSix during the second quarter valued at about $34,000. Acadian Asset Management LLC acquired a new position in AdvanSix in the 2nd quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AdvanSix in the 2nd quarter worth approximately $51,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of AdvanSix during the 2nd quarter worth approximately $51,000. 86.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on ASIX. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Piper Sandler raised their price objective on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

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.