AdvanSix Inc. (NYSE:ASIX - Get Free Report) insider Christopher Gramm sold 1,951 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $32.00, for a total transaction of $62,432.00. Following the sale, the insider now owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Christopher Gramm also recently made the following trade(s):
- On Wednesday, November 6th, Christopher Gramm sold 2,435 shares of AdvanSix stock. The shares were sold at an average price of $32.00, for a total transaction of $77,920.00.
- On Friday, October 4th, Christopher Gramm sold 270 shares of AdvanSix stock. The stock was sold at an average price of $32.00, for a total transaction of $8,640.00.
AdvanSix Stock Down 1.4 %
Shares of AdvanSix stock opened at $31.89 on Wednesday. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $32.63. The company has a 50 day moving average of $29.99 and a 200 day moving average of $27.12. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $852.42 million, a P/E ratio of 22.62 and a beta of 1.69.
AdvanSix Announces Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.01%. AdvanSix's dividend payout ratio (DPR) is currently 45.39%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ASIX. StockNews.com lowered AdvanSix from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Piper Sandler boosted their target price on AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th.
Get Our Latest Stock Report on AdvanSix
Hedge Funds Weigh In On AdvanSix
Several large investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its holdings in AdvanSix by 3.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company's stock worth $468,000 after buying an additional 672 shares during the last quarter. Meritage Portfolio Management raised its position in shares of AdvanSix by 9.1% during the 3rd quarter. Meritage Portfolio Management now owns 10,429 shares of the company's stock worth $317,000 after acquiring an additional 871 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in AdvanSix during the third quarter worth approximately $41,000. Public Employees Retirement System of Ohio boosted its holdings in AdvanSix by 29.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company's stock valued at $184,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in AdvanSix in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 86.39% of the company's stock.
AdvanSix Company Profile
(
Get Free Report)
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.
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