AdvanSix Inc. (NYSE:ASIX) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,469,713 shares of the company's stock after selling 61,400 shares during the quarter. Victory Capital Management Inc. owned about 9.25% of AdvanSix worth $75,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its holdings in shares of AdvanSix by 33.0% during the second 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 period. American Century Companies Inc. increased its stake in AdvanSix by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company's stock valued at $13,611,000 after buying an additional 30,500 shares during the period. Bank of New York Mellon Corp raised its position in shares of AdvanSix by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company's stock worth $8,237,000 after buying an additional 7,925 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of AdvanSix by 3.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 286,464 shares of the company's stock worth $6,566,000 after acquiring an additional 10,232 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of AdvanSix by 45.2% in the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company's stock valued at $5,955,000 after acquiring an additional 80,915 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ASIX shares. StockNews.com cut AdvanSix from a "buy" rating to a "hold" rating in a report on Monday. Piper Sandler boosted their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th.

Insider Activity

In other news, insider Christopher Gramm sold 2,435 shares of the business'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 sale, the insider now owns 43,463 shares in the company, valued at $1,390,816. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the company's 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 13,418 shares of company stock worth $411,626. Insiders own 5.60% of the company's stock.

AdvanSix Price Performance

Shares of ASIX traded down $0.54 during mid-day trading on Thursday, hitting $29.77. The company's stock had a trading volume of 94,823 shares, compared to its average volume of 142,312. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $32.04. The stock has a market capitalization of $795.78 million, a price-to-earnings ratio of 20.98 and a beta of 1.69. The firm has a 50-day moving average price of $29.51 and a 200 day moving average price of $26.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued 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 2.15%. AdvanSix's dividend payout ratio is currently 45.39%.

AdvanSix Company 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.