AdvanSix $ASIX Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of AdvanSix (NYSE:ASIX) by 115.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 81,461 shares of the company’s stock after buying an additional 43,600 shares during the period. Sei Investments Co.’s holdings in AdvanSix were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Group One Trading LLC purchased a new position in AdvanSix in the 1st quarter valued at about $61,000. State of Wyoming increased its position in shares of AdvanSix by 3,612.1% during the first quarter. State of Wyoming now owns 12,547 shares of the company’s stock worth $306,000 after acquiring an additional 12,209 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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. lifted its stake in shares of 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. Finally, Hsbc Holdings PLC acquired a new position in shares of AdvanSix in the fourth quarter worth about $612,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Stock Performance

AdvanSix stock opened at $16.53 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.28 and a quick ratio of 0.70. AdvanSix has a 12 month low of $14.10 and a 12 month high of $26.73. The company has a fifty day moving average price of $20.64 and a two-hundred day moving average price of $20.82. The company has a market cap of $445.54 million, a PE ratio of -25.04 and a beta of 1.29.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). AdvanSix had a negative return on equity of 1.28% and a negative net margin of 1.14%.The business had revenue of $421.28 million for the quarter, compared to analyst estimates of $452.00 million. Research analysts expect that AdvanSix will post 0.85 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, August 18th. AdvanSix’s dividend payout ratio is currently -96.97%.

Analyst Ratings Changes

ASIX has been the subject of a number of recent analyst reports. Weiss Ratings lowered AdvanSix from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Zacks Research raised AdvanSix to a “hold” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut AdvanSix from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $22.50.

AdvanSix Profile

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.