Foundations Investment Advisors LLC Has $569,000 Stake in AdvanSix (NYSE:ASIX)

Key Points

• Foundations Investment Advisors LLC increased its stake in AdvanSix by 221.5%, owning 25,133 shares worth $569,000.
• AdvanSix has seen significant interest from institutional investors, with 86.39% of the stock owned by them.
• The company announced a quarterly dividend of $0.16 per share, yielding 3.2%, with a 20.51% dividend payout ratio.

Foundations Investment Advisors LLC raised its holdings in AdvanSix (NYSE:ASIX - Free Report) by 221.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,133 shares of the company's stock after buying an additional 17,316 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.09% of AdvanSix worth $569,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in AdvanSix by 25.4% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 123,312 shares of the company's stock worth $2,793,000 after acquiring an additional 24,940 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of AdvanSix by 17.9% in the first quarter. Segall Bryant & Hamill LLC now owns 59,638 shares of the company's stock worth $1,351,000 after purchasing an additional 9,037 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of AdvanSix by 0.6% in the first 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. Principal Financial Group Inc. boosted its stake in AdvanSix by 2.7% during the first quarter. Principal Financial Group Inc. now owns 133,030 shares of the company's stock valued at $3,013,000 after buying an additional 3,479 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in AdvanSix by 35.0% during the first quarter. Teacher Retirement System of Texas now owns 51,692 shares of the company's stock valued at $1,171,000 after buying an additional 13,391 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company's stock.

Analyst Ratings Changes

ASIX has been the subject of a number of recent analyst reports. Piper Sandler set a $32.00 price target on AdvanSix in a research report on Monday, May 19th. Wall Street Zen downgraded AdvanSix from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

AdvanSix Stock Performance

NYSE ASIX traded down $0.91 during trading on Friday, hitting $19.21. The company's stock had a trading volume of 404,310 shares, compared to its average volume of 223,845. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $23.34 and a 200 day moving average price of $24.59. The firm has a market cap of $515.02 million, a P/E ratio of 6.16 and a beta of 1.60. AdvanSix has a 52 week low of $18.44 and a 52 week high of $33.00.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is presently 20.51%.

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.