Insider Buying: AdvanSix (ASIX) Director Acquires 685 Shares of Stock

AdvanSix (NYSE:ASIX) Director Michael Marberry bought 685 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was bought at an average cost of $36.50 per share, with a total value of $25,002.50. Following the transaction, the director now directly owns 19,424 shares of the company’s stock, valued at $708,976. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Marberry also recently made the following trade(s):

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  • On Friday, March 23rd, Michael Marberry bought 715 shares of AdvanSix stock. The stock was bought at an average cost of $34.97 per share, with a total value of $25,003.55.
  • On Thursday, March 8th, Michael Marberry bought 574 shares of AdvanSix stock. The stock was bought at an average cost of $43.51 per share, with a total value of $24,974.74.

Shares of NYSE ASIX opened at $35.66 on Friday. AdvanSix has a 1-year low of $24.72 and a 1-year high of $46.51. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1,086.99, a PE ratio of 11.58 and a beta of 1.43.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. AdvanSix had a return on equity of 32.17% and a net margin of 9.94%. The business had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $365.40 million. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. research analysts anticipate that AdvanSix will post 3.28 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in shares of AdvanSix in the third quarter worth about $123,000. Spirit of America Management Corp NY raised its stake in 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 in the last quarter. Stifel Financial Corp acquired a new stake in AdvanSix during the third quarter valued at approximately $212,000. Virtu Financial LLC acquired a new stake in AdvanSix during the fourth quarter valued at approximately $219,000. Finally, AMP Capital Investors Ltd acquired a new stake in AdvanSix during the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 77.96% of the company’s stock.

Several equities research analysts have recently weighed in on ASIX shares. Zacks Investment Research downgraded AdvanSix from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th.

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AdvanSix Company Profile

AdvanSix Inc manufactures and sells polymer resins in the United States. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

Insider Buying and Selling by Quarter for AdvanSix (NYSE:ASIX)

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