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

AdvanSix Inc. (NYSE:ASIX) insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction on Monday, November 25th. The stock was 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 in the company, valued at approximately $1,390,816. This trade represents a 4.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 shares were sold at an average price of $32.00, for a total transaction of $8,640.00.

AdvanSix Price Performance

AdvanSix stock opened at $31.89 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $29.99 and a 200 day moving average price of $27.12. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $32.63. The stock has a market cap of $852.42 million, a P/E ratio of 22.62 and a beta of 1.69.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.01%. AdvanSix’s dividend payout ratio is currently 45.39%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASIX. 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. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in AdvanSix by 86.2% during the third quarter. FMR LLC now owns 565,982 shares of the company’s stock worth $17,195,000 after acquiring an additional 261,964 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of AdvanSix by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock worth $14,269,000 after purchasing an additional 153,686 shares during the period. First Eagle Investment Management LLC increased its position in shares of AdvanSix by 33.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after purchasing an additional 151,470 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in AdvanSix by 45.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock valued at $5,955,000 after buying an additional 80,915 shares during the period. Finally, Millennium Management LLC lifted its position in AdvanSix by 83.8% in the second quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock valued at $3,192,000 after buying an additional 63,489 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

AdvanSix Company Profile

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.