EMC Capital Management Decreases Stock Position in AdvanSix Inc. (NYSE:ASIX)

EMC Capital Management decreased its position in shares of AdvanSix Inc. (NYSE:ASIX) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,460 shares of the company’s stock after selling 18,409 shares during the period. EMC Capital Management’s holdings in AdvanSix were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ASIX. Geode Capital Management LLC grew its holdings in AdvanSix by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock worth $18,186,000 after acquiring an additional 8,903 shares in the last quarter. FMR LLC increased its holdings in AdvanSix by 86.2% in the third quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after buying an additional 261,964 shares during the last quarter. Wellington Management Group LLP raised its stake in AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after buying an additional 153,686 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in AdvanSix by 5.0% during the 3rd quarter. Donald Smith & CO. Inc. now owns 176,996 shares of the company’s stock worth $5,377,000 after buying an additional 8,396 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in AdvanSix by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 150,452 shares of the company’s stock worth $4,571,000 after buying an additional 7,638 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

Insider Transactions at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.37, for a total transaction of $151,850.00. Following the transaction, the chief executive officer now directly owns 517,795 shares of the company’s stock, valued at approximately $15,725,434.15. The trade was a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Gramm sold 2,435 shares of AdvanSix stock in a transaction 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 directly owns 43,463 shares of the company’s stock, valued at $1,390,816. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,749 shares of company stock valued at $444,205 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Piper Sandler raised their price target on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th.

AdvanSix Price Performance

Shares of NYSE ASIX traded down $0.28 during trading on Thursday, hitting $31.59. The company had a trading volume of 3,989 shares, compared to its average volume of 121,995. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00. The business’s 50-day moving average is $30.20 and its 200 day moving average is $29.35. The company has a market cap of $844.40 million, a P/E ratio of 22.40 and a beta of 1.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s payout ratio is 45.39%.

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.