Versor Investments LP Increases Stake in AdvanSix Inc. (NYSE:ASIX)

Versor Investments LP grew its position in shares of AdvanSix Inc. (NYSE:ASIXFree Report) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,895 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Versor Investments LP’s holdings in AdvanSix were worth $308,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Inspire Investing LLC increased its holdings in shares of AdvanSix by 10.9% in the 3rd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock valued at $349,000 after purchasing an additional 1,103 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of AdvanSix during the 2nd quarter worth about $1,298,000. Victory Capital Management Inc. boosted its stake in shares of AdvanSix by 26.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock worth $67,687,000 after purchasing an additional 458,622 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of AdvanSix by 6.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,159 shares of the company’s stock worth $1,090,000 after purchasing an additional 1,970 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of AdvanSix by 223.6% during the 3rd quarter. SG Americas Securities LLC now owns 19,512 shares of the company’s stock worth $606,000 after purchasing an additional 13,482 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Insider Activity at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the transaction, the senior vice president now owns 27,599 shares in the company, valued at $827,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is currently owned by insiders.

AdvanSix Price Performance

ASIX opened at $25.35 on Thursday. The company’s 50 day simple moving average is $27.57 and its 200 day simple moving average is $30.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 1.34. AdvanSix Inc. has a 1 year low of $23.92 and a 1 year high of $44.57. The stock has a market capitalization of $683.18 million, a PE ratio of 7.75 and a beta of 1.79.

AdvanSix (NYSE:ASIXGet Free Report) last released its earnings results on Friday, November 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.35). AdvanSix had a return on equity of 12.10% and a net margin of 6.00%. The company had revenue of $322.91 million during the quarter, compared to analyst estimates of $367.90 million. As a group, sell-side analysts expect that AdvanSix Inc. will post 1.85 EPS for the current year.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.64 annualized dividend and a yield of 2.52%. AdvanSix’s payout ratio is 19.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TheStreet cut shares of AdvanSix from a “b-” rating to a “c” rating in a research note on Friday, November 3rd. Piper Sandler decreased their target price on shares of AdvanSix from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 21st.

View Our Latest Stock Analysis on ASIX

AdvanSix Company Profile

(Free Report)

AdvanSix Inc manufactures and sells 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.

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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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