Inspire Investing LLC boosted its holdings in shares of AdvanSix Inc. (NYSE:ASIX – Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,628 shares of the company’s stock after buying an additional 387 shares during the quarter. Inspire Investing LLC owned 0.06% of AdvanSix worth $445,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ASIX. Public Sector Pension Investment Board increased its holdings in shares of AdvanSix by 5.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 58,967 shares of the company’s stock valued at $1,352,000 after purchasing an additional 3,031 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of AdvanSix during the 2nd quarter valued at approximately $34,000. Cubist Systematic Strategies LLC purchased a new position in shares of AdvanSix during the 2nd quarter valued at approximately $903,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AdvanSix during the 2nd quarter valued at approximately $51,000. Finally, AQR Capital Management LLC increased its holdings in shares of AdvanSix by 12.7% during the 2nd quarter. AQR Capital Management LLC now owns 135,113 shares of the company’s stock valued at $3,097,000 after purchasing an additional 15,242 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at AdvanSix
In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Friday, November 1st. The shares were sold at an average price of $30.37, for a total transaction of $151,850.00. Following the sale, the chief executive officer now owns 517,795 shares of the company’s stock, valued at $15,725,434.15. The trade was a 0.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction on Monday, November 25th. The stock was sold at an average price of $32.00, for a total transaction of $62,432.00. Following the sale, the insider now directly owns 43,463 shares in the company, valued at approximately $1,390,816. This trade represents a 4.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,749 shares of company stock valued at $444,205. 5.60% of the stock is owned by company insiders.
AdvanSix Price Performance
AdvanSix Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.03%. AdvanSix’s dividend payout ratio is currently 45.39%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in 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 target on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.
View Our Latest Stock Report on AdvanSix
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.
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