AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 5,000 Shares

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $28.15, for a total value of $140,750.00. Following the sale, the chief executive officer now directly owns 507,795 shares of the company’s stock, valued at approximately $14,294,429.25. This represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AdvanSix Stock Down 0.2 %

ASIX stock opened at $27.60 on Friday. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $33.00. The stock has a fifty day moving average of $30.07 and a 200-day moving average of $28.34. The company has a market capitalization of $737.78 million, a price-to-earnings ratio of 19.57 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.32%. AdvanSix’s payout ratio is 45.39%.

Institutional Trading of AdvanSix

Several hedge funds and other institutional investors have recently modified their holdings of ASIX. Point72 DIFC Ltd bought a new stake in AdvanSix during the 2nd quarter valued at $34,000. Acadian Asset Management LLC bought a new position in AdvanSix in the 2nd quarter worth about $36,000. Copeland Capital Management LLC purchased a new stake in shares of AdvanSix in the 3rd quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AdvanSix in the 2nd quarter valued at about $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of AdvanSix during the 2nd quarter valued at about $51,000. Institutional investors own 86.39% of the company’s stock.

Analyst Ratings Changes

ASIX has been the subject of a number of research analyst reports. StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Piper Sandler raised their price target on shares of AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

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.