AdvanSix Inc. (NYSE:ASIX) Shares Bought by Delphi Management Inc. MA

Delphi Management Inc. MA boosted its holdings in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 806.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,790 shares of the company's stock after acquiring an additional 37,182 shares during the period. Delphi Management Inc. MA owned about 0.16% of AdvanSix worth $1,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AlphaQuest LLC acquired a new stake in shares of AdvanSix during the fourth quarter valued at $94,000. Quantbot Technologies LP boosted its stake in shares of AdvanSix by 618.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company's stock worth $132,000 after purchasing an additional 3,754 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of AdvanSix by 29.9% during the 3rd 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 last quarter. Quadrature Capital Ltd purchased a new stake in shares of AdvanSix during the third quarter worth about $204,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of AdvanSix in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 86.39% of the company's stock.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the sale, the chief executive officer now directly owns 502,795 shares of the company's stock, valued at approximately $15,179,381.05. This represents a 0.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by insiders.

Remove Ads

AdvanSix Trading Down 1.4 %

NYSE:ASIX traded down $0.32 during trading hours on Friday, reaching $22.99. 377,048 shares of the company were exchanged, compared to its average volume of 146,699. The firm has a market cap of $614.84 million, a price-to-earnings ratio of 14.28 and a beta of 1.73. The stock has a 50 day simple moving average of $28.67 and a 200 day simple moving average of $29.30. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $33.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49.

AdvanSix (NYSE:ASIX - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.37) by $0.40. The firm had revenue of $329.06 million for the quarter, compared to analysts' expectations of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. As a group, analysts predict that AdvanSix Inc. will post 4 EPS for the current year.

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, March 10th. AdvanSix's dividend payout ratio (DPR) is presently 39.75%.

Analyst Upgrades and Downgrades

ASIX has been the subject of several recent analyst reports. UBS Group set a $35.00 target price on shares of AdvanSix in a research note on Tuesday. StockNews.com raised AdvanSix from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler reduced their target price on AdvanSix from $39.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday.

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.