XTX Topco Ltd Takes Position in AdvanSix (NYSE:ASIX)

XTX Topco Ltd purchased a new stake in shares of AdvanSix (NYSE:ASIX) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,775 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in AdvanSix by 43.5% in the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company’s stock worth $19,199,000 after purchasing an additional 204,200 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AdvanSix in the fourth quarter worth approximately $2,803,000. GAMMA Investing LLC increased its holdings in AdvanSix by 5,551.0% in the first quarter. GAMMA Investing LLC now owns 44,530 shares of the company’s stock worth $1,009,000 after purchasing an additional 43,742 shares in the last quarter. Northern Trust Corp increased its holdings in AdvanSix by 12.3% in the fourth quarter. Northern Trust Corp now owns 312,561 shares of the company’s stock worth $8,905,000 after purchasing an additional 34,236 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in AdvanSix by 53.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 96,440 shares of the company’s stock worth $2,748,000 after purchasing an additional 33,510 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

AdvanSix Stock Performance

ASIX stock opened at $18.89 on Wednesday. The company has a market cap of $507.09 million, a P/E ratio of 6.65 and a beta of 1.60. AdvanSix has a 1 year low of $17.97 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.66. The stock’s fifty day moving average price is $22.61 and its 200-day moving average price is $23.91.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. AdvanSix’s dividend payout ratio (DPR) is currently 22.54%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ASIX shares. Wall Street Zen cut AdvanSix from a “buy” rating to a “hold” rating in a research note on Sunday. Piper Sandler set a $32.00 price objective on AdvanSix in a research note on Monday, May 19th.

AdvanSix Company Profile

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.