Proficio Capital Partners LLC Invests $663,000 in AdvanSix Inc. (NYSE:ASIX)

Proficio Capital Partners LLC acquired a new position in AdvanSix Inc. (NYSE:ASIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,276 shares of the company’s stock, valued at approximately $663,000.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP boosted its position in shares of AdvanSix by 618.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock worth $132,000 after purchasing an additional 3,754 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after acquiring an additional 1,396 shares during the period. Quadrature Capital Ltd acquired a new stake in AdvanSix during the 3rd quarter worth about $204,000. Foundations Investment Advisors LLC acquired a new stake in AdvanSix during the 4th quarter worth about $223,000. Finally, Intech Investment Management LLC acquired a new stake in AdvanSix during the 3rd quarter worth about $274,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Stock Performance

Shares of ASIX stock opened at $22.99 on Friday. The stock has a market cap of $614.84 million, a PE ratio of 14.28 and a beta of 1.73. The business has a 50-day simple moving average of $28.60 and a 200-day simple moving average of $29.26. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $33.00.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.40. The business had revenue of $329.06 million during the quarter, compared to analysts’ expectations of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, equities analysts expect that AdvanSix Inc. will post 4 EPS for the current year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.78%. AdvanSix’s dividend payout ratio (DPR) is presently 39.75%.

Insider Activity

In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the transaction, the chief executive officer now owns 502,795 shares in the company, valued at $15,179,381.05. The trade was a 0.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ASIX has been the subject of a number of research reports. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. UBS Group set a $35.00 price target on AdvanSix in a research report on Tuesday. Finally, Piper Sandler lowered their price target on AdvanSix from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th.

AdvanSix 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.