AdvanSix (NYSE:ASIX) Shares Down 2.1% – What’s Next?

Shares of AdvanSix Inc. (NYSE:ASIX) fell 2.1% during mid-day trading on Wednesday . The company traded as low as $31.86 and last traded at $31.88. 8,112 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 140,737 shares. The stock had previously closed at $32.58.

Analyst Ratings Changes

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

AdvanSix Trading Down 1.2 %

The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $30.41 and its 200 day moving average is $27.43. The firm has a market capitalization of $860.17 million, a price-to-earnings ratio of 22.61 and a beta of 1.73.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 1.99%. AdvanSix’s payout ratio is 45.39%.

Insider Buying and Selling

In other AdvanSix news, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction on Monday, November 25th. The shares were sold at an average price of $32.00, for a total value of $62,432.00. Following the sale, the insider now directly owns 43,463 shares in the company, valued at approximately $1,390,816. The trade was a 4.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald P. Newman acquired 5,030 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $29.64 per share, with a total value of $149,089.20. Following the transaction, the director now owns 5,030 shares in the company, valued at approximately $149,089.20. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 15,369 shares of company stock worth $474,058 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Copeland Capital Management LLC bought a new position in shares of AdvanSix in the 3rd quarter valued at about $41,000. Point72 DIFC Ltd bought a new stake in shares of AdvanSix during the 2nd quarter worth about $34,000. Acadian Asset Management LLC bought a new stake in shares of AdvanSix during the 2nd quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AdvanSix during the 2nd quarter worth about $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of AdvanSix during the 2nd quarter worth about $51,000. Institutional investors own 86.39% of the company’s stock.

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.