AdvanSix Inc. (NYSE:ASIX) Director Donald P. Newman Acquires 5,030 Shares

AdvanSix Inc. (NYSE:ASIX) Director Donald P. Newman purchased 5,030 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $29.64 per share, with a total value of $149,089.20. Following the acquisition, the director now owns 5,030 shares in the company, valued at approximately $149,089.20. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AdvanSix Trading Down 2.1 %

Shares of AdvanSix stock traded down $0.62 during trading on Tuesday, reaching $29.09. 83,431 shares of the company were exchanged, compared to its average volume of 141,591. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $32.04. The business has a 50-day moving average price of $29.60 and a 200-day moving average price of $26.84. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $777.58 million, a price-to-earnings ratio of 21.07 and a beta of 1.69.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, November 12th. AdvanSix’s payout ratio is 45.39%.

Institutional Investors Weigh In On AdvanSix

Large investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its position in shares of AdvanSix by 3.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company’s stock valued at $468,000 after buying an additional 672 shares in the last quarter. Meritage Portfolio Management boosted its holdings in shares of AdvanSix by 9.1% in the third quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock valued at $317,000 after buying an additional 871 shares during the period. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the third quarter worth $41,000. Public Employees Retirement System of Ohio lifted its position in AdvanSix by 29.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in AdvanSix in the 2nd quarter worth $34,000. Institutional investors own 86.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ASIX shares. Piper Sandler boosted their target price on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

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.