AdvanSix (NYSE:ASIX) Director Michael Marberry bought 685 shares of AdvanSix stock in a transaction dated Friday, April 6th. The stock was acquired at an average cost of $36.50 per share, for a total transaction of $25,002.50. Following the completion of the acquisition, the director now directly owns 19,424 shares in the company, valued at $708,976. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Michael Marberry also recently made the following trade(s):
- On Friday, March 23rd, Michael Marberry bought 715 shares of AdvanSix stock. The stock was acquired at an average cost of $34.97 per share, for a total transaction of $25,003.55.
- On Thursday, March 8th, Michael Marberry bought 574 shares of AdvanSix stock. The stock was acquired at an average cost of $43.51 per share, for a total transaction of $24,974.74.
Shares of ASIX opened at $35.66 on Monday. The company has a market capitalization of $1,086.99, a PE ratio of 11.89 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 1.31. AdvanSix has a one year low of $24.72 and a one year high of $46.51.
Several institutional investors and hedge funds have recently made changes to their positions in ASIX. Nationwide Fund Advisors boosted its holdings in shares of AdvanSix by 36.9% in the 3rd quarter. Nationwide Fund Advisors now owns 23,230 shares of the company’s stock worth $923,000 after acquiring an additional 6,260 shares in the last quarter. Sei Investments Co. lifted its holdings in AdvanSix by 22.7% during the 3rd quarter. Sei Investments Co. now owns 19,433 shares of the company’s stock worth $772,000 after buying an additional 3,597 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in AdvanSix by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,420 shares of the company’s stock worth $454,000 after buying an additional 4,230 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in AdvanSix by 6.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 174,729 shares of the company’s stock worth $6,946,000 after buying an additional 10,428 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in AdvanSix during the 3rd quarter worth $123,000. 77.96% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Zacks Investment Research raised AdvanSix from a “sell” rating to a “hold” rating in a report on Friday, March 16th. ValuEngine raised AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th.
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AdvanSix Inc manufactures and sells polymer resins in the United States. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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