Sei Investments Co. Buys 6,087 Shares of AdvanSix Inc. (NYSE:ASIX)

Sei Investments Co. lifted its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,938 shares of the company’s stock after acquiring an additional 6,087 shares during the quarter. Sei Investments Co.’s holdings in AdvanSix were worth $454,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in AdvanSix by 15.8% during the fourth quarter. American Century Companies Inc. now owns 740,028 shares of the company’s stock valued at $21,083,000 after acquiring an additional 100,841 shares during the period. Teacher Retirement System of Texas bought a new position in AdvanSix in the 4th quarter worth approximately $1,091,000. Intech Investment Management LLC lifted its holdings in shares of AdvanSix by 101.8% during the fourth quarter. Intech Investment Management LLC now owns 18,173 shares of the company’s stock worth $518,000 after buying an additional 9,167 shares during the last quarter. Delphi Management Inc. MA lifted its holdings in shares of AdvanSix by 806.9% during the fourth quarter. Delphi Management Inc. MA now owns 41,790 shares of the company’s stock worth $1,191,000 after buying an additional 37,182 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of AdvanSix by 1.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 240,731 shares of the company’s stock valued at $6,858,000 after acquiring an additional 3,149 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Stock Performance

Shares of NYSE ASIX opened at $21.12 on Thursday. AdvanSix Inc. has a one year low of $18.44 and a one year high of $33.00. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $25.66 and a 200 day simple moving average of $28.59. The firm has a market capitalization of $564.83 million, a price-to-earnings ratio of 13.12 and a beta of 1.64.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.40. The firm had revenue of $329.06 million during the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. Sell-side analysts expect that AdvanSix Inc. will post 4 EPS for the current year.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 3.03%. AdvanSix’s dividend payout ratio is currently 39.75%.

Wall Street Analyst Weigh In

Several research firms recently commented on ASIX. Piper Sandler cut shares of AdvanSix from an “overweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $26.00 in a research note on Monday. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, UBS Group set a $35.00 target price on shares of AdvanSix in a research note on Tuesday, March 18th.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the sale, the chief executive officer now owns 502,795 shares of the company’s stock, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total value of $88,960.00. Following the completion of the transaction, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

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.