SG Americas Securities LLC purchased a new position in shares of AdvanSix Inc. (NYSE:ASIX – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,392 shares of the company’s stock, valued at approximately $285,000.
Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in shares of AdvanSix during the 2nd quarter worth about $34,000. Acadian Asset Management LLC purchased a new position in shares of AdvanSix during the 2nd quarter worth about $36,000. Allspring Global Investments Holdings LLC purchased a new position in shares of AdvanSix during the 2nd quarter worth about $51,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AdvanSix during the 2nd quarter worth about $51,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of AdvanSix during the 2nd quarter worth about $55,000. 86.39% of the stock is owned by hedge funds and other institutional investors.
AdvanSix Price Performance
AdvanSix stock opened at $30.09 on Monday. The stock has a market cap of $806.98 million, a price-to-earnings ratio of 1,003.00 and a beta of 1.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $32.04. The firm has a 50-day moving average of $29.31 and a two-hundred day moving average of $26.48.
AdvanSix Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a $0.16 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.64 annualized dividend and a yield of 2.13%. AdvanSix’s dividend payout ratio (DPR) is 2,133.33%.
Analyst Ratings Changes
Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.
View Our Latest Analysis on AdvanSix
Insider Buying and Selling at AdvanSix
In other news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the sale, the chief executive officer now owns 522,795 shares in the company, valued at approximately $15,830,232.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Erin N. Kane sold 1,558 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.89, for a total value of $43,452.62. Following the completion of the sale, the chief executive officer now owns 536,237 shares in the company, valued at approximately $14,955,649.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,528 shares of company stock valued at $223,800 in the last three months. Company insiders own 5.60% 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.
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