9,978 Shares in AdvanSix $ASIX Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC purchased a new stake in AdvanSix (NYSE:ASIX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,978 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors also recently modified their holdings of ASIX. Oliver Luxxe Assets LLC boosted its holdings in shares of AdvanSix by 1.1% during the 1st quarter. Oliver Luxxe Assets LLC now owns 49,805 shares of the company’s stock worth $1,128,000 after buying an additional 543 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of AdvanSix by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company’s stock worth $343,000 after acquiring an additional 604 shares during the period. Meritage Portfolio Management lifted its holdings in shares of AdvanSix by 5.6% during the 2nd quarter. Meritage Portfolio Management now owns 11,884 shares of the company’s stock worth $282,000 after acquiring an additional 625 shares during the period. AlphaQuest LLC lifted its holdings in shares of AdvanSix by 22.3% during the 1st quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock worth $91,000 after acquiring an additional 731 shares during the period. Finally, Sheets Smith Wealth Management increased its position in AdvanSix by 5.5% during the 2nd quarter. Sheets Smith Wealth Management now owns 16,914 shares of the company’s stock worth $402,000 after purchasing an additional 886 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

AdvanSix Stock Performance

Shares of ASIX stock opened at $19.80 on Tuesday. AdvanSix has a one year low of $17.97 and a one year high of $33.00. The firm has a 50-day moving average of $20.32 and a 200-day moving average of $21.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.66. The company has a market cap of $531.41 million, a P/E ratio of 6.97 and a beta of 1.64.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, August 12th. AdvanSix’s dividend payout ratio (DPR) is 22.54%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASIX. Wall Street Zen cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AdvanSix in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.50.

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.