AdvanSix (ASIX) To Go Ex-Dividend on May 19th

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.16 per share on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, May 19th.

AdvanSix has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings.

AdvanSix Price Performance

Shares of NYSE ASIX opened at $20.32 on Friday. AdvanSix has a fifty-two week low of $14.10 and a fifty-two week high of $26.73. The firm’s 50-day simple moving average is $22.28 and its 200 day simple moving average is $18.96. The company has a quick ratio of 0.52, a current ratio of 1.13 and a debt-to-equity ratio of 0.26. The stock has a market cap of $547.80 million, a P/E ratio of 54.92 and a beta of 1.33.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.02). AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. The company had revenue of $404.18 million for the quarter, compared to the consensus estimate of $364.90 million.

Institutional Investors Weigh In On AdvanSix

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in AdvanSix by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,311,006 shares of the company’s stock worth $31,988,000 after acquiring an additional 8,131 shares in the last quarter. Waterfront Wealth Inc. raised its position in AdvanSix by 36.7% in the first quarter. Waterfront Wealth Inc. now owns 91,905 shares of the company’s stock worth $2,242,000 after acquiring an additional 24,655 shares in the last quarter. Hsbc Holdings PLC bought a new stake in AdvanSix in the fourth quarter worth about $612,000. Mercer Global Advisors Inc. ADV bought a new stake in AdvanSix in the fourth quarter worth about $246,000. Finally, Empowered Funds LLC increased its stake in AdvanSix by 10.8% in the 4th quarter. Empowered Funds LLC now owns 144,284 shares of the company’s stock worth $2,496,000 after purchasing an additional 14,084 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

About AdvanSix

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co?products. Established as a publicly traded spin?off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.