Insider Selling: AdvanSix Inc. (NYSE:ASIX) CEO Sells 5,000 Shares of Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total transaction of $151,400.00. Following the completion of the sale, the chief executive officer now owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.

AdvanSix Stock Up 1.7 %

NYSE:ASIX traded up $0.51 on Wednesday, hitting $30.73. 114,892 shares of the company’s stock traded hands, compared to its average volume of 145,597. The company has a market cap of $824.15 million, a PE ratio of 1,021.33 and a beta of 1.69. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $31.47. 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 firm has a 50-day moving average price of $28.47 and a 200-day moving average price of $26.14.

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

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.08%. AdvanSix’s dividend payout ratio is 2,133.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its stake in shares of AdvanSix by 33.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after purchasing an additional 151,470 shares in the last quarter. American Century Companies Inc. grew its stake in shares of AdvanSix by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock valued at $13,611,000 after buying an additional 30,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in AdvanSix by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company’s stock worth $8,237,000 after buying an additional 7,925 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in AdvanSix by 3.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 286,464 shares of the company’s stock valued at $6,566,000 after acquiring an additional 10,232 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in AdvanSix by 45.2% during the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock valued at $5,955,000 after acquiring an additional 80,915 shares in the last quarter. Hedge funds and other 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.