International Assets Investment Management LLC Takes $337,000 Position in AdvanSix Inc. (NYSE:ASIX)

International Assets Investment Management LLC acquired a new position in shares of AdvanSix Inc. (NYSE:ASIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,263 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors have also recently modified their holdings of the company. Copeland Capital Management LLC purchased a new position in AdvanSix during the fourth quarter worth $27,000. Quadrature Capital Ltd acquired a new position in AdvanSix in the 3rd quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AdvanSix by 32.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the company’s stock valued at $219,000 after purchasing an additional 1,732 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of AdvanSix during the 3rd quarter worth about $250,000. Finally, Versor Investments LP grew its holdings in shares of AdvanSix by 13.8% during the third quarter. Versor Investments LP now owns 9,895 shares of the company’s stock worth $308,000 after buying an additional 1,200 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $28.30, for a total value of $141,500.00. Following the transaction, the chief executive officer now directly owns 557,755 shares in the company, valued at approximately $15,784,466.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total transaction of $141,500.00. Following the completion of the sale, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Erin N. Kane sold 3,002 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $28.08, for a total transaction of $84,296.16. Following the completion of the transaction, the chief executive officer now directly owns 552,755 shares in the company, valued at approximately $15,521,360.40. The disclosure for this sale can be found here. Insiders sold a total of 17,387 shares of company stock worth $486,481 in the last ninety days. Insiders own 5.20% of the company’s stock.

AdvanSix Stock Performance

AdvanSix stock opened at $26.02 on Friday. The stock has a fifty day moving average price of $27.24 and a 200 day moving average price of $27.25. The company has a current ratio of 1.17, a quick ratio of 0.58 and a debt-to-equity ratio of 0.23. AdvanSix Inc. has a 52 week low of $23.92 and a 52 week high of $40.85. The firm has a market capitalization of $694.60 million, a P/E ratio of 13.69 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, February 16th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. The business had revenue of $382.21 million for the quarter, compared to analyst estimates of $335.80 million. Equities research analysts anticipate that AdvanSix Inc. will post 1.04 earnings per share for the current year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 2.46%. AdvanSix’s dividend payout ratio is presently 33.68%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of AdvanSix in a research report on Tuesday, April 9th.

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.