LSV Asset Management Has $13.62 Million Stock Position in AdvanSix (NYSE:ASIX)

Key Points

• LSV Asset Management has increased its stake in AdvanSix by 23.2% during the first quarter, now owning 601,247 shares valued at approximately $13.6 million.
• AdvanSix's stock has experienced fluctuations, with a 52-week range between $18.44 and $33.00, currently trading at $18.68.
• The company announced a quarterly dividend of $0.16 per share, yielding 3.4%, to be paid on August 26th.

LSV Asset Management lifted its position in AdvanSix (NYSE:ASIX - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 601,247 shares of the company's stock after acquiring an additional 113,147 shares during the quarter. LSV Asset Management owned approximately 2.24% of AdvanSix worth $13,618,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in AdvanSix by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company's stock valued at $3,850,000 after acquiring an additional 450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in AdvanSix by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,543 shares of the company's stock valued at $414,000 after acquiring an additional 508 shares in the last quarter. Nilsine Partners LLC raised its position in AdvanSix by 2.8% during the first quarter. Nilsine Partners LLC now owns 21,891 shares of the company's stock valued at $496,000 after acquiring an additional 603 shares in the last quarter. Two Sigma Advisers LP raised its position in AdvanSix by 2.8% during the fourth quarter. Two Sigma Advisers LP now owns 29,300 shares of the company's stock valued at $835,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in AdvanSix by 149.5% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $45,000 after acquiring an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of AdvanSix from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler set a $32.00 price target on shares of AdvanSix in a research report on Monday, May 19th.

AdvanSix Stock Performance

Shares of NYSE:ASIX traded down $0.25 during trading on Friday, reaching $18.14. The stock had a trading volume of 75,940 shares, compared to its average volume of 183,784. AdvanSix has a 52 week low of $17.99 and a 52 week high of $33.00. The firm has a market capitalization of $486.93 million, a price-to-earnings ratio of 6.39 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 stock has a fifty day simple moving average of $22.92 and a two-hundred day simple moving average of $24.24.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.5%. AdvanSix's dividend payout ratio (DPR) is currently 22.54%.

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.