AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 5,000 Shares

AdvanSix Inc. (NYSE:ASIX - Get Free Report) CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the completion of the sale, the chief executive officer now owns 507,795 shares of the company's stock, valued at $14,294,429.25. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AdvanSix Stock Down 0.2 %

NYSE:ASIX traded down $0.05 during trading hours on Friday, reaching $27.60. 93,120 shares of the stock were exchanged, compared to its average volume of 110,110. The stock has a market cap of $737.78 million, a PE ratio of 19.57 and a beta of 1.73. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $33.00. The firm has a 50 day moving average of $30.07 and a 200 day moving average of $28.34. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.32%. AdvanSix's payout ratio is currently 45.39%.

Hedge Funds Weigh In On AdvanSix

Large investors have recently modified their holdings of the business. Meritage Portfolio Management raised its holdings in AdvanSix by 9.1% during the third quarter. Meritage Portfolio Management now owns 10,429 shares of the company's stock worth $317,000 after acquiring an additional 871 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the 3rd quarter worth approximately $41,000. Public Employees Retirement System of Ohio boosted its holdings in shares of AdvanSix by 29.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company's stock valued at $184,000 after buying an additional 1,396 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of AdvanSix in the second quarter valued at $34,000. Finally, Acadian Asset Management LLC acquired a new position in AdvanSix during the second quarter worth $36,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com raised shares of AdvanSix from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Piper Sandler upped their target price on shares of AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th.

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.