AdvanSix (NYSE:ASIX) Shares Down 0.3% After Insider Selling

AdvanSix Inc. (NYSE:ASIX)’s stock price fell 0.3% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $31.66 and last traded at $31.81. 15,579 shares were traded during trading, a decline of 89% from the average session volume of 141,298 shares. The stock had previously closed at $31.91.

Specifically, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the completion of the sale, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. The trade was a 4.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

ASIX has been the subject of a number of research analyst reports. Piper Sandler boosted their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com lowered AdvanSix from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

AdvanSix Stock Down 0.9 %

The stock’s fifty day simple moving average is $30.13 and its 200-day simple moving average is $27.20. The stock has a market cap of $845.23 million, a P/E ratio of 22.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

Institutional Trading of AdvanSix

Institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of AdvanSix by 86.2% in the 3rd quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after buying an additional 261,964 shares in the last quarter. Wellington Management Group LLP raised its position in AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after purchasing an additional 153,686 shares in the last quarter. First Eagle Investment Management LLC raised its position in AdvanSix by 33.0% during the second quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after purchasing an additional 151,470 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in AdvanSix by 45.2% during the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock worth $5,955,000 after purchasing an additional 80,915 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of AdvanSix by 83.8% during the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock worth $3,192,000 after buying an additional 63,489 shares in the last quarter. 86.39% of the stock is currently 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.