Dynamic Technology Lab Private Ltd Buys Shares of 19,806 AdvanSix Inc. (NYSE:ASIX)

Dynamic Technology Lab Private Ltd purchased a new position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,806 shares of the company's stock, valued at approximately $564,000. Dynamic Technology Lab Private Ltd owned about 0.07% of AdvanSix as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of AdvanSix by 86.2% during the 3rd quarter. FMR LLC now owns 565,982 shares of the company's stock worth $17,195,000 after purchasing an additional 261,964 shares during the last quarter. Wellington Management Group LLP increased its holdings in AdvanSix by 43.5% during the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company's stock worth $19,199,000 after buying an additional 204,200 shares during the last quarter. Prudential Financial Inc. raised its position in AdvanSix by 90.2% during the fourth quarter. Prudential Financial Inc. now owns 402,250 shares of the company's stock worth $11,460,000 after acquiring an additional 190,727 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in AdvanSix by 441.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,310 shares of the company's stock valued at $6,248,000 after acquiring an additional 178,843 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of AdvanSix by 15.8% in the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock valued at $21,083,000 after acquiring an additional 100,841 shares during the period. Institutional investors and hedge funds own 86.39% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ASIX. UBS Group set a $35.00 price objective on AdvanSix in a research note on Tuesday, March 18th. Piper Sandler lowered AdvanSix from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $35.00 to $26.00 in a report on Monday, April 7th. Finally, StockNews.com downgraded AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 24th.

AdvanSix Price Performance

Shares of AdvanSix stock traded up $0.34 on Friday, reaching $20.47. 186,150 shares of the stock were exchanged, compared to its average volume of 141,677. The firm's 50 day moving average is $25.24 and its 200-day moving average is $28.45. The firm has a market cap of $547.40 million, a PE ratio of 12.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. AdvanSix Inc. has a one year low of $18.44 and a one year high of $33.00.

AdvanSix (NYSE:ASIX - Get Free Report) last posted its quarterly 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 company had revenue of $329.06 million for the quarter, compared to the consensus estimate of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. As a group, analysts anticipate that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 3.13%. AdvanSix's dividend payout ratio (DPR) is currently 39.75%.

Insiders Place Their Bets

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total transaction of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares of the company's stock, valued at $808,713.12. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated 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 owns 502,795 shares of the company's stock, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

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.