Versor Investments LP Purchases 2,100 Shares of AdvanSix Inc. (NYSE:ASIX)

Versor Investments LP grew its position in AdvanSix Inc. (NYSE:ASIX) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,700 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Versor Investments LP’s holdings in AdvanSix were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of AdvanSix in the 4th quarter valued at $663,000. Principal Financial Group Inc. increased its holdings in shares of AdvanSix by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 129,551 shares of the company’s stock worth $3,691,000 after acquiring an additional 3,699 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of AdvanSix by 1.4% in the fourth quarter. Rhumbline Advisers now owns 84,984 shares of the company’s stock worth $2,421,000 after acquiring an additional 1,198 shares in the last quarter. Empowered Funds LLC raised its position in shares of AdvanSix by 5.1% during the fourth quarter. Empowered Funds LLC now owns 158,122 shares of the company’s stock worth $4,505,000 after purchasing an additional 7,670 shares during the period. Finally, Meritage Portfolio Management lifted its holdings in shares of AdvanSix by 12.5% during the 4th quarter. Meritage Portfolio Management now owns 11,730 shares of the company’s stock valued at $334,000 after purchasing an additional 1,301 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the sale, the chief executive officer now owns 507,795 shares of the company’s stock, valued at approximately $14,294,429.25. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

AdvanSix Stock Performance

Shares of AdvanSix stock opened at $26.85 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. The firm has a market cap of $718.08 million, a price-to-earnings ratio of 16.68 and a beta of 1.76. The stock’s 50-day moving average is $29.55 and its 200-day moving average is $29.77. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. Equities analysts predict that AdvanSix Inc. will post 4 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, March 10th. AdvanSix’s dividend payout ratio is presently 39.75%.

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.