Insider Selling: AdvanSix Inc. (NYSE:ASIX) CEO Sells 5,000 Shares of Stock

AdvanSix Inc. (NYSE:ASIX - Get Free Report) CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the sale, the chief executive officer now directly owns 502,795 shares in the company, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

AdvanSix Price Performance

Shares of AdvanSix stock traded down $1.02 on Friday, hitting $29.27. The company had a trading volume of 96,213 shares, compared to its average volume of 117,365. The business has a 50-day simple moving average of $30.02 and a 200-day simple moving average of $29.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The company has a market cap of $782.39 million, a PE ratio of 20.76 and a beta of 1.76. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASIX. StockNews.com raised shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Piper Sandler boosted their price target on shares of AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASIX. Wellington Management Group LLP raised its position in shares of AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company's stock worth $14,269,000 after purchasing an additional 153,686 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of AdvanSix in the fourth quarter worth $1,403,000. Barclays PLC raised its stake in shares of AdvanSix by 319.2% during the 3rd quarter. Barclays PLC now owns 42,952 shares of the company's stock worth $1,305,000 after purchasing an additional 32,706 shares in the last quarter. JPMorgan Chase & Co. grew its position in AdvanSix by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company's stock worth $3,177,000 after acquiring an additional 13,316 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in AdvanSix by 162.8% in the third quarter. Jane Street Group LLC now owns 51,513 shares of the company's stock worth $1,565,000 after purchasing an additional 31,915 shares in the last quarter. Institutional investors own 86.39% of the company's stock.

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.