State of Alaska Department of Revenue Sells 502 Shares of AdvanSix Inc. (NYSE:ASIX)

State of Alaska Department of Revenue lessened its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,244 shares of the company’s stock after selling 502 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of AdvanSix worth $463,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in AdvanSix in the third quarter worth about $41,000. Point72 DIFC Ltd purchased a new stake in AdvanSix during the second quarter valued at approximately $34,000. Acadian Asset Management LLC bought a new position in AdvanSix in the second quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AdvanSix during the 2nd quarter worth $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of AdvanSix during the 2nd quarter valued at $51,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Christopher Gramm sold 2,435 shares of AdvanSix stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total transaction of $77,920.00. Following the sale, the insider now owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other AdvanSix news, insider Christopher Gramm sold 2,435 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the sale, the insider now owns 43,463 shares in the company, valued at $1,390,816. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the transaction, the chief executive officer now owns 517,795 shares of the company’s stock, valued at approximately $15,725,434.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,418 shares of company stock worth $411,626. 5.60% of the stock is owned by corporate insiders.

AdvanSix Stock Down 0.3 %

ASIX opened at $31.02 on Friday. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $32.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The stock has a market cap of $829.16 million, a price-to-earnings ratio of 22.00 and a beta of 1.69. The firm’s fifty day moving average is $29.38 and its 200 day moving average is $26.69.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, November 12th. AdvanSix’s dividend payout ratio (DPR) is 45.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ASIX. Piper Sandler raised their target price on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

AdvanSix 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.