Acadian Asset Management LLC Takes $36,000 Position in AdvanSix Inc. (NYSE:ASIX)

Acadian Asset Management LLC bought a new position in shares of AdvanSix Inc. (NYSE:ASIX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,596 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in AdvanSix during the second quarter worth approximately $51,000. Aigen Investment Management LP acquired a new stake in AdvanSix during the 4th quarter worth approximately $208,000. Inspire Advisors LLC bought a new stake in AdvanSix in the 1st quarter valued at $200,000. Price T Rowe Associates Inc. MD acquired a new position in AdvanSix in the 1st quarter valued at $215,000. Finally, Quadrature Capital Ltd increased its position in AdvanSix by 37.1% during the 4th quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock worth $269,000 after buying an additional 2,434 shares during the period. Institutional investors own 86.39% of the company’s stock.

AdvanSix Stock Performance

ASIX opened at $28.34 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.39. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $31.47. The firm has a market cap of $760.05 million, a P/E ratio of 944.67 and a beta of 1.69. The business’s fifty day moving average is $27.93 and its 200-day moving average is $26.00.

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

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.16 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. AdvanSix’s payout ratio is 2,133.33%.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 1,558 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.89, for a total value of $43,452.62. Following the sale, the chief executive officer now directly owns 536,237 shares in the company, valued at approximately $14,955,649.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 2,258 shares of company stock valued at $61,247. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

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

About AdvanSix

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.