Achilles B. Kintiroglou Sells 363 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 363 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $31.00, for a total transaction of $11,253.00. Following the sale, the senior vice president now directly owns 33,238 shares of the company’s stock, valued at $1,030,378. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AdvanSix Trading Up 7.0 %

NYSE:ASIX opened at $31.72 on Thursday. The company has a 50-day moving average price of $29.32 and a 200-day moving average price of $26.63. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $32.04. 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 stock has a market cap of $847.34 million, a price-to-earnings ratio of 22.50 and a beta of 1.69.

AdvanSix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. AdvanSix’s dividend payout ratio is 45.39%.

Institutional Investors Weigh In On AdvanSix

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC lifted its position in shares of AdvanSix by 33.0% in 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 period. American Century Companies Inc. lifted its position in AdvanSix by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock valued at $13,611,000 after acquiring an additional 30,500 shares during the period. Bank of New York Mellon Corp lifted its position in AdvanSix by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company’s stock valued at $8,237,000 after acquiring an additional 7,925 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in AdvanSix by 3.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 286,464 shares of the company’s stock valued at $6,566,000 after acquiring an additional 10,232 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its position in AdvanSix by 45.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock valued at $5,955,000 after acquiring an additional 80,915 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research report 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.