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

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

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

ASIX stock traded down $0.60 during trading on Thursday, hitting $31.11. 144,509 shares of the company’s stock traded hands, compared to its average volume of 143,044. The business has a fifty day simple moving average of $29.32 and a 200 day simple moving average of $26.63. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $32.04. 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 stock has a market capitalization of $831.04 million, a price-to-earnings ratio of 22.50 and a beta of 1.69.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.06%. AdvanSix’s payout ratio is currently 45.39%.

Institutional Investors Weigh In On AdvanSix

Several institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC bought a new stake in shares of AdvanSix in the 3rd quarter worth about $41,000. Point72 DIFC Ltd bought a new stake in AdvanSix in the second quarter worth about $34,000. Acadian Asset Management LLC purchased a new position in shares of AdvanSix during the second quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AdvanSix during the second quarter valued at approximately $51,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of AdvanSix during the second quarter valued at approximately $51,000. 86.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.