AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 1,558 Shares

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 1,558 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $27.89, for a total value of $43,452.62. Following the transaction, the chief executive officer now directly owns 536,237 shares of the company’s stock, valued at approximately $14,955,649.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

AdvanSix Stock Up 1.9 %

Shares of NYSE:ASIX opened at $27.26 on Monday. The company has a market capitalization of $731.11 million, a PE ratio of 908.97 and a beta of 1.70. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $40.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 1.38. The company has a fifty day moving average of $24.05 and a 200-day moving average of $25.52.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, August 2nd. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.35. The company had revenue of $453.48 million for the quarter, compared to analyst estimates of $426.80 million. AdvanSix had a net margin of 0.15% and a return on equity of 0.06%. During the same quarter in the previous year, the business earned $1.18 earnings per share. On average, equities analysts predict that AdvanSix Inc. will post 1.22 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, August 13th. AdvanSix’s dividend payout ratio is presently 2,134.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of AdvanSix by 2.0% during the fourth quarter. SG Americas Securities LLC now owns 19,900 shares of the company’s stock worth $596,000 after buying an additional 388 shares during the period. International Assets Investment Management LLC bought a new stake in AdvanSix during the fourth quarter valued at $337,000. Louisiana State Employees Retirement System acquired a new stake in AdvanSix during the 4th quarter worth about $404,000. Everence Capital Management Inc. bought a new position in shares of AdvanSix in the 4th quarter worth about $234,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AdvanSix by 16.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,208 shares of the company’s stock valued at $246,000 after purchasing an additional 1,146 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.