AdvanSix Inc. (NYSE:ASIX) Insider Christopher Gramm Sells 2,435 Shares

AdvanSix Inc. (NYSE:ASIX) insider Christopher Gramm sold 2,435 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the sale, the insider now owns 43,463 shares in the company, valued at $1,390,816. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Christopher Gramm also recently made the following trade(s):

• On Friday, October 4th, Christopher Gramm sold 270 shares of AdvanSix stock. The stock was sold at an average price of $32.00, for a total value of $8,640.00.

AdvanSix Price Performance

Shares of NYSE ASIX opened at $31.11 on Friday. The business’s 50 day moving average price is $29.35 and its two-hundred day moving average price is $26.66. The company has a market cap of $831.57 million, a PE ratio of 22.06 and a beta of 1.69. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $32.04.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, November 12th. AdvanSix’s payout ratio is 45.39%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On AdvanSix

Several institutional investors and hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its position in shares of AdvanSix by 3.4% in the second quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company’s stock valued at $468,000 after purchasing an additional 672 shares during the last quarter. Meritage Portfolio Management grew its position in AdvanSix by 9.1% during the third quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock worth $317,000 after buying an additional 871 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in AdvanSix during the third quarter worth approximately $41,000. Point72 DIFC Ltd acquired a new stake in AdvanSix during the second quarter worth approximately $34,000. Finally, Acadian Asset Management LLC acquired a new stake in AdvanSix during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

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.