Core Capital Management & Research inc. bought a new position in AdvanSix (NYSE:ASIX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 139,114 shares of the company’s stock, valued at approximately $2,766,000. AdvanSix accounts for about 1.5% of Core Capital Management & Research inc.’s portfolio, making the stock its 26th biggest position.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in AdvanSix by 60.2% during the second quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock valued at $31,000 after acquiring an additional 483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AdvanSix by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company’s stock worth $343,000 after purchasing an additional 604 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of AdvanSix by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,862 shares of the company’s stock worth $234,000 after purchasing an additional 746 shares during the last quarter. Allworth Financial LP lifted its position in shares of AdvanSix by 74.5% during the 2nd quarter. Allworth Financial LP now owns 2,008 shares of the company’s stock worth $40,000 after purchasing an additional 857 shares during the last quarter. Finally, Mariner LLC boosted its stake in AdvanSix by 10.2% during the 4th quarter. Mariner LLC now owns 11,065 shares of the company’s stock valued at $191,000 after purchasing an additional 1,023 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.
AdvanSix Price Performance
Shares of ASIX stock opened at $16.84 on Thursday. AdvanSix has a 12 month low of $14.10 and a 12 month high of $26.73. The company has a market capitalization of $454.76 million, a P/E ratio of -25.52 and a beta of 1.26. The stock has a 50 day moving average of $18.76 and a two-hundred day moving average of $20.70. The company has a current ratio of 1.28, a quick ratio of 0.70 and a debt-to-equity ratio of 0.35.
AdvanSix Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a $0.16 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.8%. AdvanSix’s dividend payout ratio is currently -96.97%.
Analyst Upgrades and Downgrades
ASIX has been the topic of a number of research analyst reports. Wall Street Zen lowered AdvanSix from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings cut AdvanSix from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Truist Financial lowered their price objective on shares of AdvanSix from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $21.50.
Read Our Latest Stock Analysis on ASIX
AdvanSix Company 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.
Further Reading
- Five stocks we like better than AdvanSix
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Want to see what other hedge funds are holding ASIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AdvanSix (NYSE:ASIX – Free Report).
Receive News & Ratings for AdvanSix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvanSix and related companies with MarketBeat.com's FREE daily email newsletter.
