AdvanSix (NYSE:ASIX) Stock Price Down 1.2% - Should You Sell?

Shares of AdvanSix Inc. (NYSE:ASIX - Get Free Report) traded down 1.2% on Monday . The stock traded as low as $30.50 and last traded at $30.59. 4,409 shares were traded during trading, a decline of 97% from the average session volume of 139,574 shares. The stock had previously closed at $30.95.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ASIX shares. StockNews.com upgraded AdvanSix from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Piper Sandler boosted their target price on shares of AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, November 8th.

AdvanSix Price Performance

The stock's fifty day moving average price is $30.56 and its 200-day moving average price is $27.90. 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 firm has a market cap of $814.20 million, a price-to-earnings ratio of 21.60 and a beta of 1.73.

AdvanSix Announces Dividend

The business 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. This represents a $0.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix's payout ratio is presently 45.39%.

Insider Activity

In related news, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction on Monday, November 25th. The shares were sold at an average price of $32.00, for a total value of $62,432.00. Following the completion of the sale, the insider now owns 43,463 shares of the company's stock, valued at approximately $1,390,816. The trade was a 4.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Erin N. Kane sold 5,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the sale, the chief executive officer now directly owns 522,795 shares of the company's stock, valued at $15,830,232.60. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,369 shares of company stock worth $474,058 in the last ninety days. Corporate insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASIX. SummerHaven Investment Management LLC increased its stake in AdvanSix by 3.4% during the second quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company's stock valued at $468,000 after acquiring an additional 672 shares during the period. Meritage Portfolio Management raised its stake in shares of AdvanSix by 9.1% in the third quarter. Meritage Portfolio Management now owns 10,429 shares of the company's stock valued at $317,000 after purchasing an additional 871 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of AdvanSix in the third quarter valued at $41,000. Public Employees Retirement System of Ohio lifted its position in AdvanSix by 29.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company's stock worth $184,000 after purchasing an additional 1,396 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in AdvanSix during the second quarter worth $34,000. 86.39% of the stock is owned by institutional investors.

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.