Versor Investments LP Sells 2,295 Shares of AdvanSix Inc. (NYSE:ASIX)

Versor Investments LP cut its holdings in AdvanSix Inc. (NYSE:ASIX) by 23.2% during the third quarter, HoldingsChannel reports. The firm owned 7,600 shares of the company’s stock after selling 2,295 shares during the period. Versor Investments LP’s holdings in AdvanSix were worth $231,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. SummerHaven Investment Management LLC increased its position in AdvanSix by 3.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company’s stock worth $468,000 after buying an additional 672 shares during the period. Meritage Portfolio Management increased its position in AdvanSix by 9.1% during the third quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock worth $317,000 after acquiring an additional 871 shares during the period. Copeland Capital Management LLC acquired a new position in AdvanSix during the 3rd quarter valued at $41,000. Point72 DIFC Ltd bought a new stake in AdvanSix in the 2nd quarter valued at $34,000. Finally, Acadian Asset Management LLC acquired a new stake in AdvanSix in the 2nd quarter worth $36,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Christopher Gramm sold 2,435 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total transaction of $77,920.00. Following the completion of the sale, the insider now owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total transaction of $151,400.00. Following the completion of the transaction, the chief executive officer now owns 522,795 shares in the company, valued at approximately $15,830,232.60. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,418 shares of company stock worth $411,626 over the last quarter. Company insiders own 5.60% of the company’s stock.

AdvanSix Trading Down 0.4 %

Shares of ASIX stock opened at $29.65 on Friday. The firm has a fifty day moving average of $29.60 and a 200-day moving average of $26.83. The stock has a market cap of $792.54 million, a price-to-earnings ratio of 21.03 and a beta of 1.69. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $32.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 12th. AdvanSix’s dividend payout ratio (DPR) is presently 45.39%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Piper Sandler raised their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th.

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.