Point72 Asia Singapore Pte. Ltd. Makes New $51,000 Investment in AdvanSix Inc. (NYSE:ASIX)

Point72 Asia Singapore Pte. Ltd. purchased a new position in AdvanSix Inc. (NYSE:ASIX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,225 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake in AdvanSix by 39.8% in the 4th quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock worth $5,498,000 after purchasing an additional 52,199 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of AdvanSix by 227.0% during the 1st quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock valued at $4,309,000 after buying an additional 104,587 shares in the last quarter. Boston Partners purchased a new stake in shares of AdvanSix during the 1st quarter valued at about $702,000. First Eagle Investment Management LLC raised its position 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 valued at $14,006,000 after buying an additional 151,470 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in AdvanSix by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock valued at $13,611,000 after purchasing an additional 30,500 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Insiders Place Their Bets

In other AdvanSix news, CEO Erin N. Kane sold 1,558 shares of the company’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 transaction, the chief executive officer now directly owns 536,237 shares in the company, valued at $14,955,649.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Erin N. Kane sold 5,000 shares of the 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 transaction, the chief executive officer now directly owns 522,795 shares in the company, valued at approximately $15,830,232.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Erin N. Kane sold 1,558 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.89, for a total transaction of $43,452.62. Following the transaction, the chief executive officer now owns 536,237 shares in the company, valued at approximately $14,955,649.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,258 shares of company stock worth $215,160 in the last three months. Corporate insiders own 5.60% of the company’s stock.

AdvanSix Stock Performance

Shares of NYSE:ASIX opened at $32.00 on Friday. The company has a market capitalization of $858.21 million, a price-to-earnings ratio of 1,066.67 and a beta of 1.68. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $32.04. The firm’s 50-day moving average is $28.73 and its 200 day moving average is $26.26. 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 (NYSE:ASIX) last issued its quarterly earnings results on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.13 by $0.35. The company 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 firm posted $1.18 EPS. Research analysts predict that AdvanSix Inc. will post 1.67 EPS for the current year.

AdvanSix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%. AdvanSix’s dividend payout ratio is currently 2,133.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a 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.