Insider Selling: AdvanSix Inc. (NYSE:ASIX) CEO Sells $151,400.00 in Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the sale, the chief executive officer now owns 522,795 shares of the company’s stock, valued at $15,830,232.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AdvanSix Stock Performance

ASIX stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $32.04. The company has a market cap of $858.21 million, a P/E ratio of 1,066.67 and a beta of 1.69. The stock’s fifty day moving average price is $28.73 and its 200-day moving average price is $26.25.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, August 2nd. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.35. The business had revenue of $453.48 million for the quarter, compared to analysts’ expectations of $426.80 million. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. During the same period last year, the firm posted $1.18 earnings per share. On average, equities analysts forecast that AdvanSix Inc. will post 1.67 earnings per share for the current year.

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%. AdvanSix’s dividend payout ratio is currently 2,133.33%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in shares of AdvanSix during the 2nd quarter valued at $34,000. Acadian Asset Management LLC bought a new stake in AdvanSix during the second quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in AdvanSix in the second quarter worth about $51,000. Allspring Global Investments Holdings LLC bought a new position in shares of AdvanSix in the second quarter worth about $51,000. Finally, Point72 Asset Management L.P. purchased a new position in AdvanSix during the second quarter valued at approximately $55,000. 86.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

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.