Christopher Gramm Sells 1,951 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) insider Christopher Gramm sold 1,951 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at $1,390,816. This represents a 4.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 6th, Christopher Gramm sold 2,435 shares of AdvanSix stock. The shares were sold at an average price of $32.00, for a total transaction of $77,920.00.
• 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 transaction of $8,640.00.

AdvanSix Trading Down 0.9 %

AdvanSix stock opened at $31.62 on Thursday. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $32.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The firm has a market capitalization of $845.23 million, a PE ratio of 22.56 and a beta of 1.69. The business’s 50-day simple moving average is $30.06 and its 200-day simple moving average is $27.17.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.02%. The ex-dividend date was Tuesday, November 12th. AdvanSix’s dividend payout ratio is currently 45.39%.

Institutional Investors Weigh In On AdvanSix

Hedge funds have recently modified their holdings of the business. Barclays PLC grew its holdings in shares of AdvanSix by 319.2% during the 3rd quarter. Barclays PLC now owns 42,952 shares of the company’s stock worth $1,305,000 after purchasing an additional 32,706 shares in the last quarter. Geode Capital Management LLC increased its holdings in AdvanSix by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock valued at $18,186,000 after buying an additional 8,903 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after acquiring an additional 1,396 shares during the period. Jane Street Group LLC boosted its position in shares of AdvanSix by 162.8% during the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock valued at $1,565,000 after acquiring an additional 31,915 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in AdvanSix by 48.6% in the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after acquiring an additional 153,686 shares during the period. 86.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

ASIX has been the topic of several recent analyst reports. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Piper Sandler boosted their target price on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th.

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.