AdvanSix (NYSE:ASIX) Trading Down 1% – Time to Sell?

AdvanSix Inc. (NYSE:ASIX) shares traded down 1% during mid-day trading on Wednesday . The company traded as low as $31.15 and last traded at $31.23. 8,683 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 139,964 shares. The stock had previously closed at $31.54.

Wall Street Analysts Forecast Growth

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

AdvanSix Stock Performance

The stock has a market cap of $847.34 million, a P/E ratio of 22.15 and a beta of 1.73. 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’s 50-day moving average price is $30.56 and its 200-day moving average price is $27.72.

AdvanSix Announces Dividend

The business also recently disclosed 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 2.02%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s payout ratio is currently 45.39%.

Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the sale, the chief executive officer now owns 517,795 shares in the company, valued at approximately $15,725,434.15. The trade was a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Gramm sold 2,435 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at $1,390,816. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,369 shares of company stock worth $474,058. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On AdvanSix

Several large investors have recently bought and sold shares of ASIX. Point72 DIFC Ltd bought a new position in AdvanSix during the second quarter valued at $34,000. Acadian Asset Management LLC bought a new position in AdvanSix during the second quarter valued at $36,000. Copeland Capital Management LLC bought a new position in AdvanSix during the third quarter valued at $41,000. Allspring Global Investments Holdings LLC bought a new position in AdvanSix during the second quarter valued at $51,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AdvanSix during the second quarter valued at $51,000. 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.