Michael Marberry Purchases 782 Shares of AdvanSix Inc (ASIX) Stock
AdvanSix Inc (NASDAQ:ASIX) Director Michael Marberry acquired 782 shares of the stock in a transaction dated Friday, September 1st. The shares were purchased at an average price of $31.94 per share, for a total transaction of $24,977.08. Following the completion of the purchase, the director now directly owns 15,256 shares in the company, valued at $487,276.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michael Marberry also recently made the following trade(s):
- On Tuesday, August 1st, Michael Marberry acquired 744 shares of AdvanSix stock. The shares were purchased at an average price of $33.56 per share, for a total transaction of $24,968.64.
- On Monday, July 3rd, Michael Marberry acquired 791 shares of AdvanSix stock. The shares were purchased at an average price of $31.57 per share, for a total transaction of $24,971.87.
AdvanSix Inc (NASDAQ ASIX) traded up 2.72% on Friday, hitting $32.80. 123,595 shares of the stock traded hands. The firm has a market capitalization of $999.81 million and a PE ratio of 22.53. AdvanSix Inc has a 52 week low of $12.00 and a 52 week high of $34.87. The stock has a 50 day moving average of $32.74 and a 200 day moving average of $29.45.
AdvanSix (NASDAQ:ASIX) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. AdvanSix had a net margin of 7.25% and a return on equity of 47.63%. The company had revenue of $361.44 million for the quarter. Equities research analysts anticipate that AdvanSix Inc will post $2.75 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASIX. SG Americas Securities LLC purchased a new position in AdvanSix during the second quarter worth $100,000. Pacad Investment Ltd. raised its position in AdvanSix by 16.7% in the second quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock worth $109,000 after buying an additional 500 shares during the last quarter. Pinebridge Investments L.P. raised its position in AdvanSix by 13.6% in the second quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock worth $141,000 after buying an additional 539 shares during the last quarter. Quantbot Technologies LP raised its position in AdvanSix by 772.8% in the second quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock worth $149,000 after buying an additional 4,235 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in AdvanSix during the second quarter worth $227,000.
Separately, Cowen and Company initiated coverage on shares of AdvanSix in a research note on Friday, June 23rd. They set an “outperform” rating and a $37.00 price objective on the stock.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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