Wellington Management Group LLP Grows Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Wellington Management Group LLP grew its position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 48.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 469,685 shares of the company's stock after buying an additional 153,686 shares during the period. Wellington Management Group LLP owned approximately 1.76% of AdvanSix worth $14,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in AdvanSix in the 3rd quarter valued at $204,000. Jacobs Levy Equity Management Inc. grew its stake in AdvanSix by 76.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 62,930 shares of the company's stock worth $1,912,000 after buying an additional 27,283 shares in the last quarter. Centiva Capital LP acquired a new position in shares of AdvanSix in the 3rd quarter valued at approximately $315,000. BNP Paribas Financial Markets lifted its holdings in shares of AdvanSix by 120.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,855 shares of the company's stock worth $573,000 after acquiring an additional 10,284 shares during the period. Finally, Quantbot Technologies LP raised its position in AdvanSix by 618.5% during the third quarter. Quantbot Technologies LP now owns 4,361 shares of the company's stock valued at $132,000 after purchasing an additional 3,754 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

AdvanSix Trading Down 0.7 %

ASIX traded down $0.21 during midday trading on Friday, hitting $30.95. 89,080 shares of the company were exchanged, compared to its average volume of 140,137. The firm's 50 day moving average price is $30.56 and its 200-day moving average price is $27.90. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $827.29 million, a P/E ratio of 21.95 and a beta of 1.73. AdvanSix Inc. has a 1-year low of $20.86 and a 1-year high of $33.00.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.16 per share. 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 2.07%. AdvanSix's dividend payout ratio (DPR) is currently 45.39%.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, Director Donald P. Newman bought 5,030 shares of the business's stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $29.64 per share, for a total transaction of $149,089.20. Following the completion of the transaction, the director now directly owns 5,030 shares of the company's stock, valued at $149,089.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 sale, the chief executive officer now owns 517,795 shares in the company, valued at $15,725,434.15. The trade was a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,369 shares of company stock valued at $474,058. Corporate insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ASIX shares. Piper Sandler upped 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. StockNews.com upgraded AdvanSix from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th.

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.