Delphi Management Inc. MA Has $1.19 Million Stake in AdvanSix Inc. (NYSE:ASIX)

Delphi Management Inc. MA boosted its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 806.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,790 shares of the company’s stock after buying an additional 37,182 shares during the quarter. Delphi Management Inc. MA’s holdings in AdvanSix were worth $1,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Inspire Investing LLC lifted its stake in shares of AdvanSix by 2.5% in the fourth quarter. Inspire Investing LLC now owns 15,628 shares of the company’s stock worth $445,000 after acquiring an additional 387 shares during the period. Sheets Smith Wealth Management lifted its position in shares of AdvanSix by 3.7% in the 4th quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company’s stock worth $449,000 after purchasing an additional 569 shares during the period. Nilsine Partners LLC boosted its stake in shares of AdvanSix by 3.1% in the 4th quarter. Nilsine Partners LLC now owns 21,288 shares of the company’s stock valued at $606,000 after purchasing an additional 650 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of AdvanSix by 1.4% in the 4th quarter. Rhumbline Advisers now owns 84,984 shares of the company’s stock valued at $2,421,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Meritage Portfolio Management raised its stake in AdvanSix by 12.5% during the fourth quarter. Meritage Portfolio Management now owns 11,730 shares of the company’s stock worth $334,000 after buying an additional 1,301 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

AdvanSix Price Performance

Shares of NYSE ASIX opened at $24.10 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $28.90 and its 200-day moving average price is $29.43. The firm has a market capitalization of $644.58 million, a P/E ratio of 14.97 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 (NYSE:ASIX) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. Equities research analysts anticipate that AdvanSix Inc. will post 4 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.66%. The ex-dividend date is Monday, March 10th. AdvanSix’s payout ratio is currently 39.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the sale, the chief executive officer now owns 502,795 shares in the company, valued at $15,179,381.05. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

AdvanSix 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.