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

Oliver Luxxe Assets LLC bought a new position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 SEC filing.

A number of other institutional investors have also recently modified their holdings of ASIX. Geode Capital Management LLC lifted its holdings in AdvanSix by 1.5% during the third quarter. Geode Capital Management LLC now owns 598,485 shares of the company's stock valued at $18,186,000 after purchasing an additional 8,903 shares in the last quarter. FMR LLC lifted its holdings in AdvanSix by 86.2% in the 3rd quarter. FMR LLC now owns 565,982 shares of the company's stock valued at $17,195,000 after purchasing an additional 261,964 shares in the last quarter. Wellington Management Group LLP boosted 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 worth $14,269,000 after purchasing an additional 153,686 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of AdvanSix by 45.2% during the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company's stock worth $5,955,000 after buying an additional 80,915 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in shares of AdvanSix by 5.0% in the third quarter. Donald Smith & CO. Inc. now owns 176,996 shares of the company's stock valued at $5,377,000 after buying an additional 8,396 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AdvanSix

In related news, 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 transaction of $151,850.00. Following the completion of the transaction, the chief executive officer now owns 517,795 shares of the company's stock, valued at approximately $15,725,434.15. This trade represents a 0.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Gramm sold 2,435 shares of AdvanSix 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 completion of the sale, the insider now owns 43,463 shares of the company's stock, valued at $1,390,816. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,749 shares of company stock worth $444,205. Insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ASIX shares. StockNews.com upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th.

AdvanSix Trading Down 0.6 %

Shares of ASIX traded down $0.19 during mid-day trading on Friday, reaching $31.58. The stock had a trading volume of 64,840 shares, compared to its average volume of 130,496. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a market cap of $844.00 million, a price-to-earnings ratio of 22.39 and a beta of 1.76. The business's fifty day moving average is $29.97 and its 200 day moving average is $29.01. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $33.00.

AdvanSix Dividend Announcement

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

AdvanSix 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.