Insider Buying: AdvanSix Inc (ASIX) Director Acquires 744 Shares of Stock

AdvanSix Inc (NASDAQ:ASIX) Director Michael Marberry bought 744 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average price of $33.56 per share, with a total value of $24,968.64. Following the completion of the purchase, the director now directly owns 14,474 shares in the company, valued at $485,747.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Marberry also recently made the following trade(s):

  • On Monday, July 3rd, Michael Marberry bought 791 shares of AdvanSix stock. The shares were purchased at an average cost of $31.57 per share, with a total value of $24,971.87.
  • On Thursday, June 1st, Michael Marberry purchased 845 shares of AdvanSix stock. The stock was bought at an average cost of $29.53 per share, with a total value of $24,952.85.
  • On Monday, May 15th, Michael Marberry bought 764 shares of AdvanSix stock. The shares were acquired at an average cost of $32.68 per share, for a total transaction of $24,967.52.

Shares of AdvanSix Inc (NASDAQ ASIX) traded up 0.45% on Friday, hitting $31.11. 206,076 shares of the stock traded hands. AdvanSix Inc has a 12 month low of $12.00 and a 12 month high of $34.87. The company has a market cap of $948.30 million and a PE ratio of 21.37. The firm’s 50 day moving average is $33.09 and its 200-day moving average is $29.11.

AdvanSix (NASDAQ:ASIX) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. AdvanSix had a return on equity of 47.63% and a net margin of 7.25%. The firm had revenue of $361.44 million for the quarter. Equities analysts predict that AdvanSix Inc will post $2.75 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in AdvanSix during the second quarter valued at $661,000. WINTON GROUP Ltd raised its position in AdvanSix by 43.7% in the second quarter. WINTON GROUP Ltd now owns 50,267 shares of the company’s stock valued at $1,570,000 after buying an additional 15,281 shares during the period. The Manufacturers Life Insurance Company raised its position in AdvanSix by 1,967.7% in the second quarter. The Manufacturers Life Insurance Company now owns 23,324 shares of the company’s stock valued at $729,000 after buying an additional 22,196 shares during the period. Cubist Systematic Strategies LLC increased its stake in AdvanSix by 34.9% in the second quarter. Cubist Systematic Strategies LLC now owns 10,657 shares of the company’s stock valued at $333,000 after buying an additional 2,760 shares in the last quarter. Finally, State Street Corp increased its stake in AdvanSix by 41.2% in the second quarter. State Street Corp now owns 717,873 shares of the company’s stock valued at $22,427,000 after buying an additional 209,636 shares in the last quarter.

Separately, Cowen and Company started coverage on shares of AdvanSix in a research report on Friday, June 23rd. They set an “outperform” rating and a $37.00 price target on the stock.

About AdvanSix

AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.

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