Great Lakes Advisors LLC Sells 53,290 Shares of AdvanSix Inc. (NYSE:ASIX)

Great Lakes Advisors LLC trimmed its holdings in AdvanSix Inc. (NYSE:ASIX - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,913 shares of the company's stock after selling 53,290 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.54% of AdvanSix worth $4,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASIX. Copeland Capital Management LLC bought a new position in AdvanSix in the fourth quarter worth approximately $27,000. Quadrature Capital Ltd bought a new stake in AdvanSix during the 3rd quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AdvanSix by 32.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the company's stock valued at $219,000 after acquiring an additional 1,732 shares in the last quarter. Everence Capital Management Inc. bought a new stake in AdvanSix during the 4th quarter valued at $234,000. Finally, Caxton Associates LP bought a new stake in AdvanSix during the 3rd quarter valued at $250,000. Institutional investors own 86.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reissued a "buy" rating and issued a $40.00 price objective on shares of AdvanSix in a research report on Tuesday, April 9th.

AdvanSix Stock Down 1.6 %

Shares of AdvanSix stock traded down $0.40 during trading on Monday, reaching $24.45. The company's stock had a trading volume of 94,497 shares, compared to its average volume of 147,219. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The company has a market cap of $655.75 million, a price-to-earnings ratio of 815.27 and a beta of 1.74. AdvanSix Inc. has a 1-year low of $21.55 and a 1-year high of $40.85. The company has a 50-day simple moving average of $26.36 and a two-hundred day simple moving average of $26.82.

AdvanSix (NYSE:ASIX - Get Free Report) last issued its earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The company had revenue of $382.21 million during the quarter, compared to analyst estimates of $335.80 million. AdvanSix had a return on equity of 0.06% and a net margin of 0.15%. As a group, equities analysts forecast that AdvanSix Inc. will post 1.04 earnings per share for the current year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.62%. AdvanSix's dividend payout ratio (DPR) is 2,134.04%.

Insider Buying and Selling

In related news, SVP Achilles B. Kintiroglou sold 3,661 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $25.23, for a total value of $92,367.03. Following the completion of the transaction, the senior vice president now owns 35,335 shares in the company, valued at approximately $891,502.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Erin N. Kane sold 3,002 shares of AdvanSix stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $28.08, for a total value of $84,296.16. Following the sale, the chief executive officer now directly owns 552,755 shares in the company, valued at approximately $15,521,360.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Achilles B. Kintiroglou sold 3,661 shares of AdvanSix stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $25.23, for a total value of $92,367.03. Following the completion of the sale, the senior vice president now owns 35,335 shares in the company, valued at $891,502.05. The disclosure for this sale can be found here. Insiders sold 21,048 shares of company stock worth $578,848 in the last 90 days. Insiders own 5.60% of the company's stock.

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.