AdvanSix Inc. (NYSE:ASIX) CEO Sells $150,950.00 in Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the sale, the chief executive officer now directly owns 502,795 shares of the company’s stock, valued at $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AdvanSix Stock Performance

Shares of ASIX stock traded up $0.49 during trading hours on Tuesday, hitting $31.03. 91,246 shares of the company were exchanged, compared to its average volume of 129,288. 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 capitalization of $829.49 million, a price-to-earnings ratio of 22.01 and a beta of 1.76. The firm has a fifty day simple moving average of $30.15 and a 200 day simple moving average of $29.49. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $33.00.

Wall Street Analyst Weigh In

ASIX has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

Institutional Trading of AdvanSix

A number of large investors have recently bought and sold shares of ASIX. Copeland Capital Management LLC purchased a new stake in shares of AdvanSix during the 3rd quarter valued at approximately $41,000. Point72 Asset Management L.P. purchased a new stake in shares of AdvanSix during the second quarter worth $55,000. Quantbot Technologies LP lifted its position in shares of AdvanSix by 618.5% during the third quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock worth $132,000 after acquiring an additional 3,754 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of AdvanSix by 29.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of AdvanSix during the 3rd quarter valued at $204,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

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.