AdvanSix (ASIX) to Issue Quarterly Dividend of $0.16 on December 2nd

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Friday, November 7th. Stockholders of record on Tuesday, November 18th will be paid a dividend of 0.16 per share on Tuesday, December 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, November 18th.

AdvanSix has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings.

AdvanSix Stock Performance

Shares of ASIX opened at $15.72 on Friday. AdvanSix has a 12-month low of $14.80 and a 12-month high of $33.00. The company has a current ratio of 1.36, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. The company has a market cap of $422.32 million, a PE ratio of 8.19 and a beta of 1.72. The stock has a 50-day moving average price of $19.44 and a 200-day moving average price of $21.37.

AdvanSix (NYSE:ASIX) last released its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.32). AdvanSix had a net margin of 3.52% and a return on equity of 7.14%. The firm had revenue of $374.47 million during the quarter, compared to the consensus estimate of $365.00 million. As a group, equities analysts forecast that AdvanSix will post 4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AdvanSix

A number of institutional investors and hedge funds have recently modified their holdings of ASIX. Raymond James Financial Inc. bought a new position in AdvanSix in the 2nd quarter valued at $29,000. Osaic Holdings Inc. increased its stake in AdvanSix by 60.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock worth $31,000 after buying an additional 483 shares during the period. Versant Capital Management Inc lifted its holdings in AdvanSix by 185.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,142 shares of the company’s stock valued at $42,000 after buying an additional 1,391 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in AdvanSix by 144.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company’s stock worth $57,000 after acquiring an additional 1,408 shares in the last quarter. Finally, 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 valued at $74,000 after acquiring an additional 2,882 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

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.