AdvanSix Inc (ASIX) Director Michael Marberry Buys 3,700 Shares
AdvanSix Inc (NYSE:ASIX) Director Michael Marberry bought 3,700 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $26.99 per share, for a total transaction of $99,863.00. Following the completion of the transaction, the director now owns 39,996 shares in the company, valued at approximately $1,079,492.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of AdvanSix stock opened at $26.42 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.50 and a debt-to-equity ratio of 0.74. AdvanSix Inc has a twelve month low of $22.57 and a twelve month high of $41.45. The stock has a market cap of $792.19 million, a PE ratio of 12.64 and a beta of 1.96.
AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, May 3rd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.29. AdvanSix had a net margin of 5.09% and a return on equity of 17.96%. The business had revenue of $314.90 million for the quarter, compared to analyst estimates of $340.87 million. During the same period in the previous year, the business earned $0.37 EPS. The firm’s revenue was down 12.3% on a year-over-year basis. Research analysts forecast that AdvanSix Inc will post 2.64 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in AdvanSix by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 1,592,172 shares of the company’s stock valued at $54,054,000 after buying an additional 146,123 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in AdvanSix by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,005,807 shares of the company’s stock valued at $28,736,000 after buying an additional 62,638 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in AdvanSix by 14.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 768,409 shares of the company’s stock valued at $18,704,000 after buying an additional 94,694 shares in the last quarter. Norges Bank acquired a new position in AdvanSix in the fourth quarter valued at about $16,966,000. Finally, Renaissance Technologies LLC boosted its position in AdvanSix by 72.6% in the first quarter. Renaissance Technologies LLC now owns 438,100 shares of the company’s stock valued at $12,517,000 after buying an additional 184,222 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.
AdvanSix Inc manufactures and sells polymer resins. 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 to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, 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.
See Also: How to calculate compound interest
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.