Centiva Capital LP Purchases New Shares in AdvanSix Inc. (NYSE:ASIX)

Centiva Capital LP purchased a new stake in shares of AdvanSix Inc. (NYSE:ASIX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,381 shares of the company’s stock, valued at approximately $315,000.

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new position in AdvanSix during the 1st quarter valued at $215,000. Comerica Bank boosted its stake in AdvanSix by 48.9% during the 1st quarter. Comerica Bank now owns 19,385 shares of the company’s stock valued at $554,000 after acquiring an additional 6,362 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in AdvanSix by 21.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 32,673 shares of the company’s stock valued at $749,000 after acquiring an additional 5,774 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in AdvanSix by 3.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company’s stock valued at $468,000 after acquiring an additional 672 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in AdvanSix by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company’s stock valued at $8,237,000 after acquiring an additional 7,925 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler increased 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.

AdvanSix Trading Down 0.3 %

AdvanSix stock opened at $31.55 on Wednesday. The firm’s 50-day moving average is $30.56 and its 200-day moving average is $27.72. 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 Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. The company has a market cap of $843.33 million, a P/E ratio of 22.38 and a beta of 1.73.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.16 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.03%. AdvanSix’s payout ratio is currently 45.39%.

Insider Transactions at AdvanSix

In related news, 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 value of $62,432.00. Following the sale, the insider now directly owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 4.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $30.37, for a total transaction of $151,850.00. Following the completion of the sale, the chief executive officer now owns 517,795 shares in the company, valued at approximately $15,725,434.15. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,369 shares of company stock worth $474,058. 5.60% of the stock is currently owned by insiders.

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.