AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou Sells 3,661 Shares

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 3,661 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

AdvanSix Stock Down 14.3 %

Shares of AdvanSix stock traded down $3.68 during trading on Friday, hitting $22.07. 377,971 shares of the stock traded hands, compared to its average volume of 150,568. The stock has a market cap of $591.70 million, a P/E ratio of 11.62 and a beta of 1.74. The company has a fifty day moving average price of $27.06 and a two-hundred day moving average price of $27.14. AdvanSix Inc. has a twelve month low of $21.55 and a twelve month high of $40.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Friday, February 16th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $382.21 million for the quarter, compared to analyst estimates of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. Equities research analysts predict that AdvanSix Inc. will post 1.04 EPS for the current fiscal year.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, March 1st. AdvanSix’s payout ratio is presently 33.68%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AdvanSix

Several hedge funds have recently bought and sold shares of ASIX. Copeland Capital Management LLC acquired a new position in AdvanSix during the fourth quarter valued at approximately $27,000. Quadrature Capital Ltd bought a new position in AdvanSix in the 3rd quarter worth $204,000. Aigen Investment Management LP acquired a new position in AdvanSix during the 4th quarter worth $208,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AdvanSix by 32.5% during the third 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 during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of AdvanSix in the fourth quarter valued at about $234,000. 86.39% of the stock is owned by institutional investors and hedge funds.

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.