Insider Selling: AdvanSix (NYSE:ASIX) SVP Sells 577 Shares of Stock

Key Points

• AdvanSix's Senior Vice President, Achilles Kintiroglou, sold 577 shares at a price of $20.00, resulting in a total transaction value of $11,540.
• The company recently announced a quarterly dividend of $0.16 per share, representing a 3.3% dividend yield.
• 86.39% of AdvanSix's stock is owned by institutional investors, indicating strong institutional interest in the company.

AdvanSix (NYSE:ASIX - Get Free Report) SVP Achilles Kintiroglou sold 577 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $20.00, for a total value of $11,540.00. Following the completion of the sale, the senior vice president directly owned 30,265 shares of the company's stock, valued at $605,300. This represents a 1.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

AdvanSix Stock Performance

Shares of ASIX stock traded up $0.28 during trading on Friday, reaching $19.67. The company had a trading volume of 312,512 shares, compared to its average volume of 193,123. The firm's 50 day simple moving average is $20.17 and its two-hundred day simple moving average is $21.87. AdvanSix has a one year low of $17.97 and a one year high of $33.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.66. The company has a market capitalization of $528.02 million, a PE ratio of 6.93 and a beta of 1.64.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given 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 was Tuesday, August 12th. AdvanSix's payout ratio is 22.54%.

Institutional Investors Weigh In On AdvanSix

A number of institutional investors and hedge funds have recently modified their holdings of ASIX. Raymond James Financial Inc. bought a new position in AdvanSix in the second quarter valued at approximately $29,000. Osaic Holdings Inc. raised its position in shares of AdvanSix by 60.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company's stock valued at $31,000 after acquiring an additional 483 shares during the period. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 1,178 shares during the period. Tower Research Capital LLC TRC raised its stake in AdvanSix by 144.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company's stock worth $57,000 after buying an additional 1,408 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of AdvanSix by 1,195.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company's stock valued at $74,000 after purchasing an additional 2,882 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ASIX has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of AdvanSix in a research report on Saturday, September 27th. Wall Street Zen cut AdvanSix from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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