Victory Capital Management Inc. Buys 15,367 Shares of AdvanSix (NYSE:ASIX)

Victory Capital Management Inc. lifted its position in shares of AdvanSix (NYSE:ASIX - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,407,512 shares of the company's stock after purchasing an additional 15,367 shares during the quarter. Victory Capital Management Inc. owned 8.98% of AdvanSix worth $54,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASIX. Vanguard Group Inc. lifted its position in AdvanSix by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock worth $55,587,000 after buying an additional 27,981 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in AdvanSix by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,578,908 shares of the company's stock worth $44,982,000 after buying an additional 12,793 shares in the last quarter. American Century Companies Inc. lifted its position in AdvanSix by 15.8% during the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock worth $21,083,000 after buying an additional 100,841 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of AdvanSix by 43.5% during the 4th quarter. Wellington Management Group LLP now owns 673,885 shares of the company's stock worth $19,199,000 after purchasing an additional 204,200 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AdvanSix by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 602,303 shares of the company's stock worth $17,164,000 after purchasing an additional 3,818 shares during the last quarter. 86.39% of the stock is owned by institutional investors.

AdvanSix Stock Performance

NYSE ASIX traded down $0.23 during trading on Friday, reaching $21.96. The company's stock had a trading volume of 173,039 shares, compared to its average volume of 156,818. The company has a current ratio of 1.19, a quick ratio of 0.56 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $588.75 million, a price-to-earnings ratio of 7.04 and a beta of 1.60. AdvanSix has a 12 month low of $18.44 and a 12 month high of $33.00. The firm has a 50 day moving average price of $23.83 and a 200 day moving average price of $25.02.

AdvanSix Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is presently 20.51%.

Wall Street Analyst Weigh In

ASIX has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of AdvanSix from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 31st. Piper Sandler set a $32.00 price objective on shares of AdvanSix in a research note on Monday, May 19th.

About AdvanSix

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.