Rhumbline Advisers Sells 4,861 Shares of AdvanSix $ASIX

Rhumbline Advisers reduced its position in AdvanSix (NYSE:ASIX) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,123 shares of the company’s stock after selling 4,861 shares during the period. Rhumbline Advisers owned approximately 0.30% of AdvanSix worth $1,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. raised its position in AdvanSix by 0.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,407,512 shares of the company’s stock valued at $54,530,000 after buying an additional 15,367 shares during the last quarter. Vanguard Group Inc. raised its position in AdvanSix by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,981,063 shares of the company’s stock valued at $44,871,000 after buying an additional 29,963 shares during the last quarter. American Century Companies Inc. raised its position in AdvanSix by 11.3% in the 1st quarter. American Century Companies Inc. now owns 823,706 shares of the company’s stock valued at $18,657,000 after buying an additional 83,678 shares during the last quarter. Wellington Management Group LLP raised its position in AdvanSix by 5.7% in the 1st quarter. Wellington Management Group LLP now owns 712,431 shares of the company’s stock valued at $16,137,000 after buying an additional 38,546 shares during the last quarter. Finally, LSV Asset Management raised its position in AdvanSix by 23.2% in the 1st quarter. LSV Asset Management now owns 601,247 shares of the company’s stock valued at $13,618,000 after buying an additional 113,147 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

AdvanSix Stock Up 0.9%

ASIX stock opened at $21.10 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $566.41 million, a PE ratio of 7.43 and a beta of 1.64. AdvanSix has a twelve month low of $17.97 and a twelve month high of $33.00. The stock has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $22.25.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 12th. AdvanSix’s payout ratio is presently 22.54%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered AdvanSix from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $33.50.

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.