On the back of its recent Form 13F filing with the Securities and Exchange Commission, Sei Investments Co. has announced a reduction in its stake in AdvanSix Inc. (NYSE:ASIX) by 8.3%. The firm now owns 159,330 shares of AdvanSix stock after selling 14,452 during Q4, indicating an estimated worth of $6,058,000 at the time of reporting.
The announcement comes on the heels of a quarterly dividend payment made by AdvanSix on May 30th. Investors who held shares as of May 16th received a payout of $0.145 per share – an annualized dividend of $0.58 representing a yield of 1.64%. Additionally, the dividend payout ratio currently stands at 11.65%.
Despite this news, several brokerages have issued ‘buy’ ratings for AdvanSix shares over recent weeks. On May 18th StockNews.com published coverage recommending the stock to investors while Piper Sandler lowered their target price from $54.00 to $50.00 on May 16th but still remains bullish on the stock’s prospects.
As always when trading stocks or considering an investment opportunity in equities such as AdvanceSIX Inc., it’s important to perform extensive research and consider data points from multiple sources prior to making any financial commitments or portfolio decisions based on these new reports and announcements which are in themselves tantamount to market volatility indicators that require critical objective analysis before any speculation is attempted.
Beyond simply buying and selling individual securities however it is always recommendable for interested parties without fundamental knowledge in finance or numbers analysis alike seek help either through seminars , consulting firms or independent experts capable of interpreting analytical models at boardroom level discussions given how complex these metrics often prove daunting even for savvy businessmen not necessarily endowed with essential skills within this sphere or specialized training available widely online nowadays free-of-charge.
Investors should proceed with caution when it comes to AdvanSix, as they should with all potential stocks in their portfolios. To avoid financial risk and maximize the chances of long-term performance, knowledgeable market analysis is recommended to recognize how the current economic framework may influence alternative market conditions and impact investments indirectly or directly within specific industries for a comprehensive and sustainable investing experience.
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Institutional investors show growing interest in AdvanSix Inc. while insiders sell their stakes
AdvanSix Inc. (NYSE:ASIX), a leading manufacturer and supplier of Nylon 6, chemical intermediates, and polymer resins, has been attracting a lot of attention from institutional investors lately. Wasatch Advisors Inc., Alliancebernstein L.P., FMR LLC, Millennium Management LLC, and Vanguard Group Inc. have all either increased or added to their stakes in AdvanSix this year alone. About 83.67% of the company’s stock is currently owned by institutional investors and hedge funds. Wasatch Advisors acquired a new stake in AdvanSix worth approximately $31,153,000 in the first quarter while Alliancebernstein L.P increased its position by 32.6% in the third quarter.
FMR LLC raised its stake by 42.3% during the second quarter, while Millennium Management LLC purchased new stock worth about $4,181,000 in the same period. Finally, Vanguard Group Inc. grew its stake by 5.3% in the third quarter.
While institutional investors have been pouring their money into AdvanSix recently, insiders have been selling their stakes in company stocks. In April this year alone, insiders sold 3,000 shares of AdvanSix stock valued at $109,830 with insider Christopher Gramm selling 1,000 shares of company’s stocks worth $39,740.
The firm recently announced that it paid a quarterly dividend on May 30th to shareholders recorded on May 16th; an annualized dividend of $0.58 per share with a yield of about 1.64%. AdvanSix’s dividend payout ratio (DPR) is presently at 11.65%.
Looking at its stock performance over the past one year shows that AdvanSix’s stocks opened Monday morning at $35.44 with a market capitalization value of $977 million; the P/E ratio was set at 7.12 with a beta of 1.84. Although this is a bit low, the market was impressed by its last quarterly earnings report released on May 5th, which showed $1.24 earnings per share (EPS) for the quarter that exceeded analyst’s consensus estimates of $0.95 by a solid $0.29.
The chemical producer had revenue of $400 million during the quarter compared to analysts’ estimates of $411 million, with a net margin of 7.70% and return on equity set at 19.88%. Industry experts now predict that AdvanSix Inc.’s earnings per share will post approximately $3.97 for the current year.
In summary, despite insiders selling off their stocks recently while institutional investors keep increasing their stake in AdvanSix, the company’s shares performance has been somewhat mixed over recent time periods with gains and losses being seen equally in its past trading sessions akin to typical market fluctuations for equities in recent times.