AdvanSix Inc. (NYSE:ASIX - Get Free Report) insider Christopher Gramm sold 1,951 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $32.00, for a total transaction of $62,432.00. Following the sale, the insider now owns 43,463 shares in the company, valued at approximately $1,390,816. The trade was a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 value 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 value of $8,640.00.
AdvanSix Stock Down 1.3 %
Shares of AdvanSix stock traded down $0.43 during trading hours on Tuesday, reaching $31.91. 149,079 shares of the company's stock were exchanged, compared to its average volume of 141,858. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $29.99 and a two-hundred day moving average of $27.12. The stock has a market cap of $852.95 million, a P/E ratio of 22.81 and a beta of 1.69. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $32.63.
AdvanSix Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, November 12th. AdvanSix's payout ratio is presently 45.39%.
Hedge Funds Weigh In On AdvanSix
Several hedge funds and other institutional investors have recently made changes to their positions in ASIX. State Board of Administration of Florida Retirement System lifted its position in shares of AdvanSix by 48.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,192 shares of the company's stock valued at $320,000 after acquiring an additional 3,630 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of AdvanSix by 8.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 24,305 shares of the company's stock worth $694,000 after acquiring an additional 1,904 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of AdvanSix in the 1st quarter worth approximately $215,000. Comerica Bank boosted its stake in shares of AdvanSix by 48.9% in the 1st quarter. Comerica Bank now owns 19,385 shares of the company's stock valued at $554,000 after purchasing an additional 6,362 shares during the last quarter. Finally, EMC Capital Management acquired a new stake in shares of AdvanSix during the first quarter worth $271,000. 86.39% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ASIX has been the subject of a number of research reports. Piper Sandler increased their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. StockNews.com downgraded shares of AdvanSix from a "buy" rating to a "hold" rating in a report on Tuesday, November 19th.
Check Out Our Latest Analysis on ASIX
AdvanSix Company Profile
(
Get Free Report)
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.
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