Christopher Gramm Sells 2,435 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

by · The Cerbat Gem

AdvanSix Inc. (NYSE:ASIX – Get Free Report) insider Christopher Gramm sold 2,435 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total transaction of $77,920.00. Following the sale, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Christopher Gramm also recently made the following trade(s):

  • On Friday, October 4th, Christopher Gramm sold 270 shares of AdvanSix stock. The shares were sold at an average price of $32.00, for a total value of $8,640.00.

AdvanSix Stock Performance

Shares of AdvanSix stock traded down $0.60 on Thursday, hitting $31.11. 144,509 shares of the company’s stock were exchanged, compared to its average volume of 143,044. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $32.04. The company has a 50-day simple moving average of $29.32 and a 200-day simple moving average of $26.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The stock has a market capitalization of $831.04 million, a PE 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. 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 annualized dividend and a yield of 2.06%. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

Institutional Trading of AdvanSix

A number of hedge funds and other institutional investors have recently bought and sold shares of ASIX. First Eagle Investment Management LLC raised its position in shares of AdvanSix by 33.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after purchasing an additional 151,470 shares during the period. American Century Companies Inc. boosted its stake in shares of AdvanSix by 5.4% in the second quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock worth $13,611,000 after acquiring an additional 30,500 shares during the period. Bank of New York Mellon Corp grew its position in shares of AdvanSix by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company’s stock worth $8,237,000 after purchasing an additional 7,925 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake 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 purchasing an additional 10,232 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its holdings in AdvanSix by 45.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock worth $5,955,000 after purchasing an additional 80,915 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Get Our Latest Report on ASIX

AdvanSix Company Profile

(Get Free Report)

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.

Featured Articles