53,482 Shares in AdvanSix $ASIX Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of AdvanSix (NYSE:ASIX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 53,482 shares of the company’s stock, valued at approximately $1,063,000. Ieq Capital LLC owned about 0.20% of AdvanSix as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in AdvanSix by 60.2% in the second 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AdvanSix by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company’s stock valued at $343,000 after buying an additional 604 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of AdvanSix by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 9,862 shares of the company’s stock valued at $234,000 after buying an additional 746 shares during the last quarter. Mariner LLC increased its position in shares of AdvanSix by 10.2% during the fourth quarter. Mariner LLC now owns 11,065 shares of the company’s stock valued at $191,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of AdvanSix by 90.0% during the fourth quarter. Hantz Financial Services Inc. now owns 2,358 shares of the company’s stock valued at $41,000 after acquiring an additional 1,117 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

AdvanSix Stock Performance

ASIX stock opened at $16.50 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.28 and a quick ratio of 0.70. AdvanSix has a 1 year low of $14.10 and a 1 year high of $26.73. The company has a market cap of $445.52 million, a P/E ratio of -25.00 and a beta of 1.29. The stock’s fifty day moving average price is $19.31 and its 200-day moving average price is $20.81.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). AdvanSix had a negative net margin of 1.14% and a negative return on equity of 1.28%. The firm had revenue of $421.28 million for the quarter, compared to analysts’ expectations of $452.00 million. On average, equities analysts forecast that AdvanSix will post -0.15 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.64 annualized dividend and a dividend yield of 3.9%. AdvanSix’s dividend payout ratio is presently -96.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ASIX shares. Wall Street Zen cut AdvanSix from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings cut AdvanSix from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Truist Financial lowered their price target on AdvanSix from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, August 10th. Finally, Zacks Research raised AdvanSix to a “hold” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $21.50.

About AdvanSix

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.