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

Key Points

• AdvanSix SVP Achilles B. Kintiroglou sold 571 shares of the company's stock, totaling $11,522.78, which reduced his ownership to 31,413 shares valued at approximately $633,914.
• The company recently announced a quarterly dividend of $0.16 per share with a yield of 3.4%, to be paid on August 26th, with the record date on August 12th.
• AdvanSix stock is currently trading at $18.94, down from a 52-week high of $33.00, and the company has a market capitalization of $507.84 million.

AdvanSix (NYSE:ASIX - Get Free Report) SVP Achilles B. Kintiroglou sold 571 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $20.18, for a total transaction of $11,522.78. Following the completion of the transaction, the senior vice president directly owned 31,413 shares of the company's stock, valued at $633,914.34. The trade was a 1.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

AdvanSix Stock Performance

ASIX traded down $0.10 during trading on Friday, reaching $18.30. 41,771 shares of the company's stock were exchanged, compared to its average volume of 183,573. AdvanSix has a fifty-two week low of $17.99 and a fifty-two week high of $33.00. The company has a market capitalization of $491.04 million, a P/E ratio of 6.45 and a beta of 1.60. The company has a quick ratio of 0.66, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $22.92 and a 200 day moving average price of $24.24.

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, August 12th. AdvanSix's payout ratio is currently 22.54%.

Hedge Funds Weigh In On AdvanSix

Several institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in AdvanSix by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,407,512 shares of the company's stock worth $54,530,000 after purchasing an additional 15,367 shares in the last quarter. Vanguard Group Inc. lifted its stake in AdvanSix by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,981,063 shares of the company's stock valued at $44,871,000 after acquiring an additional 29,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in AdvanSix by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,578,908 shares of the company's stock valued at $44,982,000 after acquiring an additional 12,793 shares in the last quarter. American Century Companies Inc. boosted its position in AdvanSix by 11.3% during the 1st quarter. American Century Companies Inc. now owns 823,706 shares of the company's stock worth $18,657,000 after acquiring an additional 83,678 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of AdvanSix by 5.7% in the first quarter. Wellington Management Group LLP now owns 712,431 shares of the company's stock valued at $16,137,000 after purchasing an additional 38,546 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASIX. Wall Street Zen downgraded shares of AdvanSix from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Piper Sandler set a $32.00 price target on AdvanSix in a research note on Monday, May 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.