EMC Capital Management Purchases 18,409 Shares of AdvanSix Inc. (NYSE:ASIX)

EMC Capital Management lifted its position in shares of AdvanSix Inc. (NYSE:ASIX) by 194.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,869 shares of the company’s stock after purchasing an additional 18,409 shares during the period. EMC Capital Management’s holdings in AdvanSix were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ASIX. Donald Smith & CO. Inc. raised its stake in AdvanSix by 5.0% in the 3rd quarter. Donald Smith & CO. Inc. now owns 176,996 shares of the company’s stock worth $5,377,000 after purchasing an additional 8,396 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of AdvanSix during the third quarter worth approximately $41,000. Everence Capital Management Inc. acquired a new stake in shares of AdvanSix in the third quarter valued at approximately $237,000. Inspire Advisors LLC bought a new stake in shares of AdvanSix in the third quarter valued at approximately $247,000. Finally, Creative Planning grew its position in AdvanSix by 17.7% during the third quarter. Creative Planning now owns 13,528 shares of the company’s stock worth $411,000 after buying an additional 2,030 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Insider Buying and Selling

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the completion of the transaction, the chief executive officer now owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 5,620 shares of company stock worth $170,603 in the last ninety days. 5.60% of the stock is owned by insiders.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $28.94 on Friday. The firm has a 50 day moving average of $29.32 and a 200-day moving average of $26.54. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $32.04. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $773.07 million, a PE ratio of 96.47 and a beta of 1.68.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.13 by $0.35. The business had revenue of $453.48 million during the quarter, compared to the consensus estimate of $426.80 million. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. During the same period in the previous year, the business earned $1.18 earnings per share. On average, equities research analysts predict that AdvanSix Inc. will post 1.67 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.21%. AdvanSix’s dividend payout ratio (DPR) is currently 213.33%.

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.