Kapitalo Investimentos Ltda Makes New Investment in AdvanSix $ASIX

Key Points

• Kapitalo Investimentos Ltda has acquired approximately 15,288 shares of AdvanSix (NYSE: ASIX), valued at around $363,000, marking its entry into the company during the second quarter.
• AdvanSix's stock has seen a 2.9% decline, with a current trading price of $20.47, following a quarterly dividend payment of $0.16 per share that was issued to investors.
• Recent analyst upgrades have included a downgrade from a "buy" to a "hold" rating by Wall Street Zen, while the stock retains an average rating of "Buy" with a consensus price target of $33.50.

Kapitalo Investimentos Ltda acquired a new position in AdvanSix (NYSE:ASIX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,288 shares of the company's stock, valued at approximately $363,000. Kapitalo Investimentos Ltda owned 0.06% of AdvanSix as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of 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 during the period. Farther Finance Advisors LLC boosted its stake in AdvanSix by 1,195.9% during the second quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company's stock valued at $74,000 after buying an additional 2,882 shares in the last quarter. AlphaQuest LLC grew its holdings in AdvanSix by 22.3% during the first quarter. AlphaQuest LLC now owns 4,014 shares of the company's stock worth $91,000 after acquiring an additional 731 shares during the period. Quantbot Technologies LP lifted its holdings in AdvanSix by 33.2% in the 1st quarter. Quantbot Technologies LP now owns 4,096 shares of the company's stock valued at $93,000 after acquiring an additional 1,022 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of AdvanSix in the 4th quarter worth approximately $156,000. 86.39% of the stock is currently owned by institutional investors.

AdvanSix Stock Performance

AdvanSix stock traded down $0.45 during trading hours on Monday, reaching $19.96. 251,740 shares of the company were exchanged, compared to its average volume of 204,819. AdvanSix has a 12 month low of $17.97 and a 12 month high of $33.00. The company has a current ratio of 1.35, a quick ratio of 0.66 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $20.62 and a 200 day moving average of $22.11. The firm has a market cap of $535.81 million, a price-to-earnings ratio of 7.03 and a beta of 1.64.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 12th. AdvanSix's payout ratio is presently 22.54%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded AdvanSix from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $33.50.

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.