GAMMA Investing LLC grew its holdings in AdvanSix (NYSE:ASIX - Free Report) by 5,551.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,530 shares of the company's stock after purchasing an additional 43,742 shares during the period. GAMMA Investing LLC owned about 0.17% of AdvanSix worth $1,009,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Rhumbline Advisers increased its holdings in AdvanSix by 1.4% in the 4th quarter. Rhumbline Advisers now owns 84,984 shares of the company's stock worth $2,421,000 after buying an additional 1,198 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of AdvanSix by 2.9% during 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. Proficio Capital Partners LLC bought a new stake in shares of AdvanSix in the fourth quarter worth approximately $663,000. Versor Investments LP raised its holdings in shares of AdvanSix by 27.6% during the fourth quarter. Versor Investments LP now owns 9,700 shares of the company's stock valued at $276,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Amundi raised its holdings in shares of AdvanSix by 201.4% during the fourth quarter. Amundi now owns 15,755 shares of the company's stock valued at $429,000 after purchasing an additional 10,528 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company's stock.
Analyst Upgrades and Downgrades
ASIX has been the subject of a number of research analyst reports. Wall Street Zen raised shares of 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 report on Monday, May 19th. Finally, UBS Group set a $35.00 target price on AdvanSix in a report on Tuesday, March 18th.
Check Out Our Latest Report on ASIX
Insider Transactions at AdvanSix
In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the completion of the transaction, the senior vice president now directly owns 36,363 shares in the company, valued at approximately $808,713.12. The trade was a 9.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.
AdvanSix Stock Performance
Shares of ASIX traded down $0.07 on Friday, reaching $23.66. The company's stock had a trading volume of 94,625 shares, compared to its average volume of 152,507. AdvanSix has a 12-month low of $18.44 and a 12-month high of $33.00. The stock has a market capitalization of $634.22 million, a P/E ratio of 7.60 and a beta of 1.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.56. The stock's 50 day simple moving average is $22.80 and its two-hundred day simple moving average is $25.93.
AdvanSix Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Tuesday, May 13th. AdvanSix's payout ratio is 20.51%.
About AdvanSix
(
Free Report)
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.
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