AdvanSix Inc. (NYSE:ASIX) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 53.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 96,440 shares of the company's stock after acquiring an additional 33,510 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.36% of AdvanSix worth $2,748,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in shares of AdvanSix in the 4th quarter valued at about $94,000. KLP Kapitalforvaltning AS acquired a new stake in shares of AdvanSix in the fourth quarter valued at approximately $137,000. BOKF NA bought a new stake in AdvanSix during the fourth quarter worth about $217,000. GeoWealth Management LLC bought a new position in shares of AdvanSix in the 4th quarter valued at $221,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of AdvanSix in the fourth quarter worth about $223,000. 86.39% of the stock is owned by institutional investors.

AdvanSix Price Performance

Shares of ASIX traded down $0.24 during mid-day trading on Wednesday, reaching $24.24. 36,449 shares of the stock traded hands, compared to its average volume of 151,999. The company has a market cap of $649.95 million, a price-to-earnings ratio of 15.06 and a beta of 1.59. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $21.96 and a 200 day moving average price of $26.97. AdvanSix Inc. has a 1 year low of $18.44 and a 1 year high of $33.00.

AdvanSix (NYSE:ASIX - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The firm had revenue of $329.06 million during the quarter, compared to analyst estimates of $377.15 million. As a group, equities research analysts predict that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, May 13th. AdvanSix's dividend payout ratio is currently 20.51%.

Insider Activity at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction 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 sale, the senior vice president now owns 36,363 shares in the company, valued at approximately $808,713.12. This represents a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ASIX has been the subject of several recent research reports. UBS Group set a $35.00 price target on AdvanSix in a research note on Tuesday, March 18th. Piper Sandler set a $32.00 target price on shares of AdvanSix in a research note on Monday. Finally, StockNews.com upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Monday.

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.