AdvanSix Inc. (NYSE:ASIX) Stock Position Lowered by Algert Global LLC

Algert Global LLC trimmed its position in shares of AdvanSix Inc. (NYSE:ASIX) by 47.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,239 shares of the company’s stock after selling 34,059 shares during the period. Algert Global LLC’s holdings in AdvanSix were worth $1,061,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ASIX. AlphaQuest LLC acquired a new position in AdvanSix in the 4th quarter valued at approximately $94,000. KLP Kapitalforvaltning AS acquired a new position in shares of AdvanSix in the fourth quarter worth $137,000. GeoWealth Management LLC purchased a new stake in shares of AdvanSix during the fourth quarter worth $221,000. Foundations Investment Advisors LLC acquired a new stake in AdvanSix during the fourth quarter valued at $223,000. Finally, Envestnet Asset Management Inc. purchased a new position in AdvanSix in the fourth quarter valued at about $228,000. 86.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total value of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares of the company’s stock, valued at $808,713.12. The trade was a 9.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

ASIX has been the subject of several research reports. UBS Group set a $35.00 price target on AdvanSix in a report on Tuesday, March 18th. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Piper Sandler downgraded shares of AdvanSix from an “overweight” rating to a “neutral” rating and cut their price target for the company from $35.00 to $26.00 in a report on Monday, April 7th.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $23.13 on Friday. The stock has a market capitalization of $620.18 million, a P/E ratio of 14.37 and a beta of 1.59. The business has a 50-day moving average of $22.14 and a two-hundred day moving average of $27.20. AdvanSix Inc. has a fifty-two week low of $18.44 and a fifty-two week high of $33.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, February 21st. The company reported $0.03 earnings per share 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. On average, equities research analysts predict that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.64 annualized dividend and a yield of 2.77%. AdvanSix’s dividend payout ratio (DPR) is presently 20.51%.

AdvanSix 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.