AdvanSix Inc (NYSE:ASIX) Director Michael Marberry acquired 574 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was acquired at an average price of $43.51 per share, with a total value of $24,974.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Michael Marberry also recently made the following trade(s):
- On Thursday, December 14th, Michael Marberry acquired 625 shares of AdvanSix stock. The stock was acquired at an average price of $40.00 per share, with a total value of $25,000.00.
AdvanSix stock traded up $0.44 during trading on Monday, reaching $37.41. 51,855 shares of the company’s stock were exchanged, compared to its average volume of 315,511. The firm has a market cap of $1,126.92, a price-to-earnings ratio of 12.00 and a beta of 0.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 1.31. AdvanSix Inc has a 52-week low of $24.72 and a 52-week high of $46.51.
ASIX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th.
A number of institutional investors have recently added to or reduced their stakes in ASIX. Macquarie Group Ltd. acquired a new position in shares of AdvanSix during the third quarter valued at about $123,000. Spirit of America Management Corp NY raised its position in shares of AdvanSix by 1,693.5% during the fourth quarter. Spirit of America Management Corp NY now owns 4,448 shares of the company’s stock valued at $187,000 after buying an additional 4,200 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of AdvanSix during the third quarter valued at about $212,000. Virtu Financial LLC acquired a new position in shares of AdvanSix during the fourth quarter valued at about $219,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of AdvanSix during the third quarter valued at about $236,000. 77.96% of the stock is owned by hedge funds and other institutional investors.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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