Jacobs Levy Equity Management Inc. Buys 27,283 Shares of AdvanSix Inc. (NYSE:ASIX)

Jacobs Levy Equity Management Inc. increased its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 76.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,930 shares of the company's stock after acquiring an additional 27,283 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.24% of AdvanSix worth $1,912,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the 3rd quarter worth approximately $41,000. Point72 DIFC Ltd bought a new stake in AdvanSix during the second quarter worth $34,000. Acadian Asset Management LLC acquired a new stake in AdvanSix in the second quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AdvanSix in the 2nd quarter valued at about $51,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth about $51,000. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on ASIX shares. Piper Sandler lifted their price target on AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. StockNews.com raised AdvanSix from a "hold" rating to a "buy" rating in a research report on Wednesday.

Insider Activity

In other news, insider Christopher Gramm sold 2,435 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total transaction of $77,920.00. Following the transaction, the insider now directly owns 43,463 shares of the company's stock, valued at approximately $1,390,816. This trade represents a 5.31 % 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 hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 owns 522,795 shares of the company's stock, valued at approximately $15,830,232.60. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,369 shares of company stock valued at $474,058. 5.60% of the stock is owned by insiders.

AdvanSix Stock Performance

Shares of NYSE ASIX traded down $0.19 during mid-day trading on Friday, reaching $31.48. 88,055 shares of the company were exchanged, compared to its average volume of 113,942. The stock has a market capitalization of $841.46 million, a P/E ratio of 22.33 and a beta of 1.73. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The company's 50-day simple moving average is $30.51 and its 200-day simple moving average is $27.60. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $33.00.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix's dividend payout ratio is presently 45.39%.

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.