Oliver Luxxe Assets LLC Invests $1.40 Million in AdvanSix Inc. (NYSE:ASIX)

Oliver Luxxe Assets LLC purchased a new position in AdvanSix Inc. (NYSE:ASIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,262 shares of the company's stock, valued at approximately $1,403,000. Oliver Luxxe Assets LLC owned approximately 0.18% of AdvanSix as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. First Eagle Investment Management LLC grew its stake in AdvanSix by 33.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company's stock valued at $14,006,000 after purchasing an additional 151,470 shares during the last quarter. Geode Capital Management LLC boosted its position in AdvanSix by 1.5% in the third quarter. Geode Capital Management LLC now owns 598,485 shares of the company's stock valued at $18,186,000 after buying an additional 8,903 shares during the last quarter. American Century Companies Inc. increased its holdings in AdvanSix by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company's stock worth $13,611,000 after buying an additional 30,500 shares during the period. FMR LLC raised its position in 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 buying an additional 261,964 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in AdvanSix by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company's stock valued at $14,269,000 after acquiring an additional 153,686 shares during the period. Hedge funds and other institutional investors own 86.39% of the company's stock.

AdvanSix Stock Performance

NYSE ASIX traded down $0.42 during mid-day trading on Tuesday, reaching $27.54. 177,583 shares of the stock were exchanged, compared to its average volume of 133,996. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The business's 50 day moving average is $30.05 and its 200-day moving average is $28.45. The company has a market capitalization of $736.17 million, a P/E ratio of 19.53 and a beta of 1.76.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.32%. AdvanSix's payout ratio is 45.39%.

Insiders Place Their Bets

In other AdvanSix news, insider Christopher Gramm sold 1,951 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 43,463 shares in the company, valued at approximately $1,390,816. The trade was a 4.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the transaction, the chief executive officer now directly owns 517,795 shares of the company's stock, valued at $15,725,434.15. The trade was a 0.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,749 shares of company stock worth $444,205. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.