Insider Selling: AdvanSix Inc. (NYSE:ASIX) SVP Sells 350 Shares of Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.18, for a total transaction of $10,563.00. Following the sale, the senior vice president now owns 33,601 shares in the company, valued at approximately $1,014,078.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

AdvanSix Trading Up 1.7 %

Shares of NYSE:ASIX traded up $0.51 during midday trading on Wednesday, hitting $30.73. The company had a trading volume of 114,892 shares, compared to its average volume of 145,597. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $31.47. The stock has a market cap of $824.15 million, a price-to-earnings ratio of 1,021.33 and a beta of 1.69. The firm has a fifty day simple moving average of $28.47 and a 200 day simple moving average of $26.14.

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

AdvanSix Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On AdvanSix

A number of large investors have recently modified their holdings of ASIX. Wellington Management Group LLP raised its position in AdvanSix by 39.8% in the fourth quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock valued at $5,498,000 after purchasing an additional 52,199 shares during the last quarter. Quadrature Capital Ltd grew its holdings in AdvanSix by 37.1% in the fourth quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock worth $269,000 after purchasing an additional 2,434 shares during the period. BNP Paribas Financial Markets grew its position in AdvanSix by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 13,203 shares of the company’s stock valued at $378,000 after purchasing an additional 6,245 shares during the period. Empowered Funds LLC raised its stake in shares of AdvanSix by 8.1% in the first quarter. Empowered Funds LLC now owns 132,554 shares of the company’s stock worth $3,791,000 after purchasing an additional 9,975 shares during the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of AdvanSix during the first quarter valued at about $200,000. Institutional investors and hedge funds 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.