AdvanSix (NYSE:ASIX) Trading Down 0.6% on Insider Selling

AdvanSix Inc. (NYSE:ASIX) dropped 0.6% on Tuesday following insider selling activity. The stock traded as low as $31.75 and last traded at $32.16. Approximately 24,451 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 141,285 shares. The stock had previously closed at $32.34.

Specifically, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the completion of the transaction, the insider now directly owns 43,463 shares of the company’s stock, valued at $1,390,816. This trade represents a 4.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

ASIX has been the subject of several recent analyst reports. StockNews.com lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Piper Sandler raised their price target on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, November 8th.

AdvanSix Trading Down 0.9 %

The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a market cap of $845.23 million, a P/E ratio of 22.43 and a beta of 1.69. The business’s fifty day simple moving average is $30.13 and its 200 day simple moving average is $27.20.

AdvanSix Dividend Announcement

The business 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s dividend payout ratio is currently 45.39%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC increased its stake in shares of AdvanSix by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after buying an additional 151,470 shares during the period. Geode Capital Management LLC increased 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 worth $18,186,000 after purchasing an additional 8,903 shares during the period. American Century Companies Inc. increased its position in AdvanSix by 5.4% in the second quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock worth $13,611,000 after purchasing an additional 30,500 shares during the period. FMR LLC raised its holdings 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 purchasing an additional 261,964 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position 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 purchasing an additional 153,686 shares during the period. Institutional investors own 86.39% of the company’s stock.

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.