AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou Sells 571 Shares

AdvanSix Inc. (NYSE:ASIX - Get Free Report) SVP Achilles B. Kintiroglou sold 571 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $23.65, for a total transaction of $13,504.15. Following the transaction, the senior vice president now directly owns 32,555 shares in the company, valued at $769,925.75. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

AdvanSix Stock Performance

ASIX stock traded up $0.17 during trading on Friday, reaching $23.76. The company had a trading volume of 42,563 shares, compared to its average volume of 152,451. The company has a market cap of $637.02 million, a price-to-earnings ratio of 14.76 and a beta of 1.59. AdvanSix Inc. has a twelve month low of $18.44 and a twelve month high of $33.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The firm has a 50-day simple moving average of $22.07 and a 200-day simple moving average of $26.44.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.64 annualized dividend and a yield of 2.69%. AdvanSix's payout ratio is presently 20.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Meritage Portfolio Management boosted its position in AdvanSix by 12.5% in the fourth quarter. Meritage Portfolio Management now owns 11,730 shares of the company's stock valued at $334,000 after buying an additional 1,301 shares during the last quarter. Empowered Funds LLC lifted its stake in AdvanSix by 5.1% during the 4th quarter. Empowered Funds LLC now owns 158,122 shares of the company's stock valued at $4,505,000 after acquiring an additional 7,670 shares during the period. Rhumbline Advisers boosted its holdings in shares of AdvanSix by 1.4% in the 4th quarter. Rhumbline Advisers now owns 84,984 shares of the company's stock valued at $2,421,000 after acquiring an additional 1,198 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of AdvanSix by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 129,551 shares of the company's stock valued at $3,691,000 after acquiring an additional 3,699 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of AdvanSix in the fourth quarter worth $663,000. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen raised AdvanSix from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st. Piper Sandler set a $32.00 price objective on AdvanSix in a research note on Monday, May 19th. Finally, UBS Group set a $35.00 target price on shares of AdvanSix in a report on Tuesday, March 18th.

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.