Insider Selling: AdvanSix Inc. (NYSE:ASIX) SVP Sells $92,367.03 in Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 3,661 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total value of $92,367.03. Following the completion of the transaction, the senior vice president now directly owns 35,335 shares of the company’s stock, valued at approximately $891,502.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AdvanSix Trading Down 14.1 %

Shares of ASIX stock opened at $22.13 on Monday. AdvanSix Inc. has a fifty-two week low of $21.55 and a fifty-two week high of $40.85. The stock’s fifty day moving average price is $26.94 and its two-hundred day moving average price is $27.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17. The company has a market cap of $593.31 million, a PE ratio of 737.91 and a beta of 1.74.

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 return on equity of 6.98% and a net margin of 3.56%. The business had revenue of $382.21 million during the quarter, compared to the consensus estimate of $335.80 million. Equities analysts predict that AdvanSix Inc. will post 1.04 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a $0.16 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.89%. AdvanSix’s payout ratio is currently 2,134.04%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On AdvanSix

Several hedge funds and other institutional investors have recently made changes to their positions in ASIX. Victory Capital Management Inc. lifted its stake in AdvanSix by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock valued at $67,687,000 after purchasing an additional 458,622 shares during the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of AdvanSix during the fourth quarter worth $4,191,000. First Eagle Investment Management LLC lifted its stake in shares of AdvanSix by 47.6% in the 4th quarter. First Eagle Investment Management LLC now owns 407,407 shares of the company’s stock valued at $12,206,000 after acquiring an additional 131,400 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of AdvanSix during the 3rd quarter valued at $4,081,000. Finally, Richard Bernstein Advisors LLC acquired a new stake in shares of AdvanSix during the 3rd quarter valued at $2,370,000. 86.39% of the stock is owned by institutional investors.

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.