AdvanSix (NYSE:ASIX) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in AdvanSix by 25.4%, acquiring an additional 24,940 shares during the 1st quarter, bringing its total holdings to 123,312 shares valued at approximately $2.79 million.
• AdvanSix recently announced a quarterly dividend of $0.16 per share, representing an annualized yield of 3.01% with a dividend payout ratio of 20.51%.
• Analysts are optimistic about AdvanSix, with Wall Street Zen upgrading the stock to a "strong-buy" rating and Piper Sandler setting a price target of $32.00.

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in AdvanSix (NYSE:ASIX - Free Report) by 25.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,312 shares of the company's stock after purchasing an additional 24,940 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.46% of AdvanSix worth $2,793,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ASIX. GAMMA Investing LLC grew its position in shares of AdvanSix by 149.5% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $45,000 after purchasing an additional 1,178 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of AdvanSix during the fourth quarter valued at about $137,000. State of Wyoming purchased a new position in shares of AdvanSix during the fourth quarter valued at about $156,000. ProShare Advisors LLC purchased a new stake in AdvanSix in the fourth quarter worth about $220,000. Finally, GeoWealth Management LLC purchased a new stake in AdvanSix in the fourth quarter worth about $221,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.

AdvanSix Stock Down 3.9%

Shares of AdvanSix stock traded down $0.82 on Wednesday, reaching $20.42. The stock had a trading volume of 208,543 shares, compared to its average volume of 215,076. The company has a 50 day moving average price of $23.56 and a 200 day moving average price of $24.75. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. AdvanSix has a 1 year low of $18.44 and a 1 year high of $33.00. The stock has a market capitalization of $547.46 million, a P/E ratio of 6.54 and a beta of 1.60.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is currently 20.51%.

Wall Street Analyst Weigh In

ASIX has been the topic of a number of research analyst reports. Wall Street Zen upgraded 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 target on shares of AdvanSix in a research report on Monday, May 19th.

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.