AdvanSix (NYSE:ASIX) Shares Up 0.7% – Still a Buy?

AdvanSix Inc. (NYSE:ASIX)’s share price traded up 0.7% on Friday . The company traded as high as $31.59 and last traded at $31.35. 24,663 shares changed hands during trading, a decline of 83% from the average session volume of 141,181 shares. The stock had previously closed at $31.13.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

AdvanSix Stock Performance

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 firm has a market capitalization of $846.81 million, a price-to-earnings ratio of 22.52 and a beta of 1.69. The stock’s 50-day moving average is $29.90 and its 200-day moving average is $27.03.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. AdvanSix’s dividend payout ratio is currently 45.39%.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, Director Donald P. Newman acquired 5,030 shares of AdvanSix stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $29.64 per share, with a total value of $149,089.20. Following the completion of the purchase, the director now directly owns 5,030 shares in the company, valued at $149,089.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Gramm sold 2,435 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the transaction, the insider now directly owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,418 shares of company stock worth $411,626. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AdvanSix

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in AdvanSix in the second quarter valued at approximately $34,000. Acadian Asset Management LLC acquired a new position in shares of AdvanSix in the 2nd quarter worth approximately $36,000. Copeland Capital Management LLC acquired a new stake in shares of AdvanSix during the third quarter worth $41,000. Allspring Global Investments Holdings LLC bought a new position in AdvanSix during the second quarter worth $51,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in AdvanSix in the second quarter valued at $51,000. Institutional investors and hedge funds 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.