Thompson Siegel & Walmsley LLC Reduces Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Thompson Siegel & Walmsley LLC reduced its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 17.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,582 shares of the company's stock after selling 48,882 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.89% of AdvanSix worth $7,218,000 as of its most recent SEC filing.

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

Insider Activity at AdvanSix

In other news, Director Donald P. Newman acquired 5,030 shares of AdvanSix stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $29.64 per share, with a total value of $149,089.20. Following the purchase, the director now directly owns 5,030 shares of the company's stock, valued at approximately $149,089.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Gramm sold 2,435 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the sale, the insider now owns 43,463 shares of the company's stock, valued at $1,390,816. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,418 shares of company stock worth $411,626. 5.60% of the stock is owned by company insiders.

AdvanSix Trading Up 2.0 %

Shares of AdvanSix stock traded up $0.62 during trading hours on Friday, reaching $31.75. 154,786 shares of the company's stock were exchanged, compared to its average volume of 141,754. The firm has a market capitalization of $848.71 million, a price-to-earnings ratio of 22.30 and a beta of 1.69. 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 52-week low of $20.86 and a 52-week high of $32.04. The company has a fifty day moving average of $29.82 and a 200-day moving average of $26.97.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. AdvanSix's dividend payout ratio is presently 45.39%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler raised their price target on AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. StockNews.com lowered shares of AdvanSix from a "buy" rating to a "hold" rating in a report on Tuesday.

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.