Insider Buying: AdvanSix (ASIX) Director Purchases $25,002.50 in Stock

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):

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  • 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.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, February 23rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $370.39 million for the quarter, compared to the consensus estimate of $365.40 million. AdvanSix had a return on equity of 32.17% and a net margin of 9.94%. AdvanSix’s revenue was up 42.8% compared to the same quarter last year. sell-side analysts expect that AdvanSix will post 3.28 EPS for the current fiscal year.

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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About AdvanSix

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.

Insider Buying and Selling by Quarter for AdvanSix (NYSE:ASIX)

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