AdvanSix Inc. (NYSE:ASIX) Declares $0.16 Quarterly Dividend

AdvanSix Inc. (NYSE:ASIX) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Tuesday, May 14th will be given a dividend of 0.16 per share on Tuesday, May 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, May 13th.

AdvanSix Trading Down 14.1 %

Shares of ASIX traded down $3.62 during mid-day trading on Friday, reaching $22.13. The company had a trading volume of 378,326 shares, compared to its average volume of 113,664. AdvanSix has a fifty-two week low of $21.55 and a fifty-two week high of $40.85. The firm has a fifty day simple moving average of $26.94 and a 200-day simple moving average of $27.09. The stock has a market cap of $593.31 million, a price-to-earnings ratio of 11.62 and a beta of 1.74. The company has a current ratio of 1.17, a quick ratio of 0.58 and a debt-to-equity ratio of 0.23.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. The business had revenue of $382.21 million during the quarter, compared to analysts’ expectations of $335.80 million. On average, sell-side analysts anticipate that AdvanSix will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of AdvanSix in a report on Tuesday, April 9th.

Insider Activity

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction on Friday, March 1st. The shares were sold at an average price of $27.80, for a total value of $111,200.00. Following the completion of the sale, the senior vice president now owns 42,996 shares in the company, valued at $1,195,288.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Erin N. Kane sold 1,385 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $27.96, for a total transaction of $38,724.60. Following the sale, the chief executive officer now directly owns 556,370 shares in the company, valued at approximately $15,556,105.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.80, for a total value of $111,200.00. Following the transaction, the senior vice president now owns 42,996 shares of the company’s stock, valued at approximately $1,195,288.80. The disclosure for this sale can be found here. Insiders sold 21,048 shares of company stock worth $578,848 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

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.