7,800 Shares in AdvanSix Inc. (NYSE:ASIX) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of AdvanSix Inc. (NYSE:ASIX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $234,000.

Other large investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in AdvanSix during the fourth quarter worth $27,000. Point72 Hong Kong Ltd acquired a new position in AdvanSix during the first quarter worth $32,000. Tower Research Capital LLC TRC boosted its holdings in AdvanSix by 68.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the company’s stock worth $42,000 after purchasing an additional 482 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in AdvanSix by 20.6% during the second quarter. Osaic Holdings Inc. now owns 4,164 shares of the company’s stock worth $116,000 after purchasing an additional 710 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in AdvanSix by 30.1% during the first quarter. Captrust Financial Advisors now owns 2,656 shares of the company’s stock worth $136,000 after purchasing an additional 614 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

Insider Activity

In other news, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $28.30, for a total value of $141,500.00. Following the transaction, the chief executive officer now directly owns 557,755 shares of the company’s stock, valued at $15,784,466.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $28.30, for a total value of $141,500.00. Following the transaction, the chief executive officer now directly owns 557,755 shares of the company’s stock, valued at $15,784,466.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Erin N. Kane sold 1,385 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.96, for a total transaction of $38,724.60. Following the completion of the transaction, the chief executive officer now directly owns 556,370 shares in the company, valued at $15,556,105.20. The disclosure for this sale can be found here. Insiders have sold 17,387 shares of company stock valued at $486,481 over the last ninety days. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price target on shares of AdvanSix in a research report on Tuesday, April 9th.

AdvanSix Stock Performance

NYSE ASIX opened at $26.83 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.58 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $27.25 and its two-hundred day moving average price is $27.36. AdvanSix Inc. has a 1 year low of $23.92 and a 1 year high of $40.85. The firm has a market capitalization of $716.36 million, a P/E ratio of 14.12 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. The firm had revenue of $382.21 million for the quarter, compared to analyst estimates of $335.80 million. As a group, research analysts anticipate that AdvanSix Inc. will post 1.03 EPS for the current year.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, March 1st. AdvanSix’s payout ratio is presently 33.68%.

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.