Insider Selling: AdvanSix Inc. (NYSE:ASIX) Insider Sells 1,951 Shares of Stock

AdvanSix Inc. (NYSE:ASIX) insider Christopher Gramm sold 1,951 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $32.00, for a total value of $62,432.00. Following the transaction, the insider now directly owns 43,463 shares in the company, valued at approximately $1,390,816. This trade represents a 4.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 value of $77,920.00.
• On Friday, October 4th, Christopher Gramm sold 270 shares of AdvanSix stock. The shares were sold at an average price of $32.00, for a total transaction of $8,640.00.

AdvanSix Stock Down 1.3 %

NYSE ASIX traded down $0.43 on Tuesday, reaching $31.91. The company had a trading volume of 149,079 shares, compared to its average volume of 141,858. 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 stock has a market capitalization of $852.95 million, a P/E ratio of 22.81 and a beta of 1.69. The company’s fifty day moving average is $29.99 and its 200 day moving average is $27.12. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $32.63.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, November 12th. AdvanSix’s payout ratio is 45.39%.

Hedge Funds Weigh In On AdvanSix

Several hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in AdvanSix during the second quarter worth $34,000. Acadian Asset Management LLC bought a new position in shares of AdvanSix in the second quarter worth $36,000. Copeland Capital Management LLC bought a new position in AdvanSix in the 3rd quarter worth about $41,000. Allspring Global Investments Holdings LLC purchased a new position in AdvanSix during the 2nd quarter valued at about $51,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AdvanSix during the second quarter valued at about $51,000. Institutional investors own 86.39% of the company’s stock.

Analyst Ratings Changes

ASIX has been the topic of a number of recent research reports. Piper Sandler raised their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

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.