Deprince Race & Zollo Inc. Acquires 80,915 Shares of AdvanSix Inc. (NYSE:ASIX)

Deprince Race & Zollo Inc. raised its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 45.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,824 shares of the company’s stock after buying an additional 80,915 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.97% of AdvanSix worth $5,955,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. First Eagle Investment Management LLC grew its position in AdvanSix by 33.0% during the second quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after buying an additional 151,470 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of AdvanSix by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock worth $13,611,000 after purchasing an additional 30,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of AdvanSix by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company’s stock valued at $8,237,000 after purchasing an additional 7,925 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of AdvanSix by 3.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 286,464 shares of the company’s stock valued at $6,566,000 after purchasing an additional 10,232 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of AdvanSix by 39.8% in the fourth quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock valued at $5,498,000 after purchasing an additional 52,199 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

AdvanSix Stock Up 4.1 %

NYSE ASIX opened at $30.37 on Friday. AdvanSix Inc. has a 1-year low of $20.86 and a 1-year high of $31.47. The company has a market capitalization of $811.18 million, a price-to-earnings ratio of 1,012.67 and a beta of 1.69. The stock’s 50 day moving average is $28.24 and its two-hundred day moving average is $26.07. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings results on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.13 by $0.35. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. The business had revenue of $453.48 million for the quarter, compared to analyst estimates of $426.80 million. During the same quarter in the previous year, the firm earned $1.18 EPS. Equities analysts forecast that AdvanSix Inc. will post 1.67 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Tuesday, August 13th. AdvanSix’s payout ratio is 2,134.04%.

Insider Buying and Selling

In other AdvanSix news, CEO Erin N. Kane sold 1,558 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.89, for a total value of $43,452.62. Following the transaction, the chief executive officer now directly owns 536,237 shares in the company, valued at $14,955,649.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 2,258 shares of company stock worth $61,247 in the last quarter. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

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.