AdvanSix Inc. (NYSE:ASIX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in AdvanSix Inc. (NYSE:ASIX - Free Report) by 40.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,835 shares of the company's stock after selling 20,678 shares during the period. Jane Street Group LLC owned about 0.12% of AdvanSix worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Inspire Investing LLC lifted its position in shares of AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company's stock worth $445,000 after purchasing an additional 387 shares during the period. Oliver Luxxe Assets LLC bought a new position in shares of AdvanSix during the 4th quarter worth approximately $1,403,000. Foundations Investment Advisors LLC bought a new position in shares of AdvanSix during the 4th quarter worth approximately $223,000. Nilsine Partners LLC raised its stake in shares of AdvanSix by 3.1% during the 4th quarter. Nilsine Partners LLC now owns 21,288 shares of the company's stock worth $606,000 after acquiring an additional 650 shares in the last quarter. Finally, Meritage Portfolio Management raised its stake in shares of AdvanSix by 12.5% during the 4th quarter. Meritage Portfolio Management now owns 11,730 shares of the company's stock worth $334,000 after acquiring an additional 1,301 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASIX has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Piper Sandler set a $32.00 price target on shares of AdvanSix in a research note on Monday, May 19th. Finally, UBS Group set a $35.00 price objective on shares of AdvanSix in a research note on Tuesday, March 18th.

Insider Activity at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the completion of the sale, the senior vice president now owns 36,363 shares in the company, valued at $808,713.12. This represents a 9.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.60% of the company's stock.

AdvanSix Trading Up 0.3%

Shares of AdvanSix stock traded up $0.08 on Thursday, reaching $23.92. The company had a trading volume of 110,500 shares, compared to its average volume of 153,439. The firm's 50 day moving average price is $21.98 and its two-hundred day moving average price is $26.65. The firm has a market cap of $641.37 million, a PE ratio of 14.86 and a beta of 1.59. AdvanSix Inc. has a 52-week low of $18.44 and a 52-week 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.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is 20.51%.

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.