Jane Street Group LLC Buys 31,915 Shares of AdvanSix Inc. (NYSE:ASIX)

Jane Street Group LLC raised its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 162.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,513 shares of the company's stock after buying an additional 31,915 shares during the quarter. Jane Street Group LLC owned about 0.19% of AdvanSix worth $1,565,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new stake in shares of AdvanSix during the 3rd quarter valued at approximately $41,000. Point72 DIFC Ltd purchased a new stake in shares of AdvanSix during the second quarter worth $34,000. Acadian Asset Management LLC bought a new position in shares of AdvanSix in the second quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AdvanSix in the second quarter valued at $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of AdvanSix during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 86.39% of the company's stock.

Analysts Set New Price Targets

ASIX has been the subject of several analyst reports. StockNews.com upgraded AdvanSix from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Piper Sandler raised their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, November 8th.

AdvanSix Price Performance

Shares of AdvanSix stock traded down $0.36 during trading on Friday, hitting $28.16. The stock had a trading volume of 77,850 shares, compared to its average volume of 140,729. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $33.00. The firm has a market cap of $752.74 million, a price-to-earnings ratio of 19.97 and a beta of 1.73. The business's 50-day moving average is $30.22 and its 200 day moving average is $28.16.

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.27%. AdvanSix's dividend payout ratio is currently 45.39%.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Friday, November 1st. The shares were sold at an average price of $30.37, for a total transaction of $151,850.00. Following the completion of the sale, the chief executive officer now directly owns 517,795 shares of the company's stock, valued at approximately $15,725,434.15. The trade was a 0.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher Gramm sold 1,951 shares of the company'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 completion of the transaction, the insider now owns 43,463 shares of the company's stock, valued at $1,390,816. This trade represents a 4.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,369 shares of company stock valued at $474,058 in the last 90 days. Corporate 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.