Tudor Investment Corp ET AL Buys New Position in AdvanSix Inc. (NYSE:ASIX)

Tudor Investment Corp ET AL purchased a new position in shares of AdvanSix Inc. (NYSE:ASIX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,010 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds have also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of AdvanSix during the 4th quarter valued at $94,000. KLP Kapitalforvaltning AS bought a new position in shares of AdvanSix in the fourth quarter worth about $137,000. GeoWealth Management LLC purchased a new stake in shares of AdvanSix during the fourth quarter worth about $221,000. Foundations Investment Advisors LLC bought a new stake in AdvanSix during the 4th quarter valued at approximately $223,000. Finally, Envestnet Asset Management Inc. purchased a new position in AdvanSix in the 4th quarter worth approximately $228,000. Institutional investors own 86.39% of the company’s stock.

Insider Activity at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the completion of the transaction, the senior vice president now directly owns 36,363 shares of the company’s stock, valued at $808,713.12. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by corporate insiders.

AdvanSix Trading Down 0.6 %

ASIX opened at $23.13 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The stock’s 50 day moving average price is $22.14 and its 200-day moving average price is $27.22. AdvanSix Inc. has a one year low of $18.44 and a one year high of $33.00. The stock has a market cap of $620.18 million, a price-to-earnings ratio of 14.37 and a beta of 1.59.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, February 21st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.40. The business had revenue of $329.06 million for the quarter, compared to the consensus estimate of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. On average, equities analysts forecast that AdvanSix Inc. will post 4 EPS for the current year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, May 13th. AdvanSix’s dividend payout ratio (DPR) is currently 20.51%.

Analyst Upgrades and Downgrades

ASIX has been the topic of several research analyst reports. UBS Group set a $35.00 price target on shares of AdvanSix in a research note on Tuesday, March 18th. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Piper Sandler cut AdvanSix from an “overweight” rating to a “neutral” rating and cut their price target for the company from $35.00 to $26.00 in a report on Monday, April 7th.

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.