Linden Thomas Advisory Services LLC Invests $237,000 in AdvanSix $ASIX

Linden Thomas Advisory Services LLC acquired a new stake in AdvanSix (NYSE:ASIX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,978 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in AdvanSix by 149.5% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $45,000 after purchasing an additional 1,178 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of AdvanSix by 1,195.9% during the second quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock worth $74,000 after acquiring an additional 2,882 shares in the last quarter. AlphaQuest LLC raised its stake in shares of AdvanSix by 22.3% during the first quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock worth $91,000 after acquiring an additional 731 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of AdvanSix by 33.2% during the first quarter. Quantbot Technologies LP now owns 4,096 shares of the company’s stock worth $93,000 after acquiring an additional 1,022 shares in the last quarter. Finally, CWM LLC raised its stake in shares of AdvanSix by 1,695.3% during the second quarter. CWM LLC now owns 7,594 shares of the company’s stock worth $180,000 after acquiring an additional 7,171 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

AdvanSix Stock Down 1.4%

Shares of AdvanSix stock opened at $19.80 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.66 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $20.32 and its two-hundred day simple moving average is $21.66. The company has a market cap of $531.41 million, a P/E ratio of 6.97 and a beta of 1.64. AdvanSix has a 12-month low of $17.97 and a 12-month high of $33.00.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 12th. AdvanSix’s payout ratio is presently 22.54%.

Analyst Upgrades and Downgrades

ASIX has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of AdvanSix in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

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.