139,900 Shares in AdvanSix Inc. (NYSE:ASIX) Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. bought a new position in AdvanSix Inc. (NYSE:ASIX) in the fourth quarter, Holdings Channel.com reports. The firm bought 139,900 shares of the company’s stock, valued at approximately $4,191,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASIX. Wellington Management Group LLP acquired a new stake in AdvanSix during the 3rd quarter worth about $4,081,000. Richard Bernstein Advisors LLC acquired a new stake in AdvanSix during the 3rd quarter worth about $2,370,000. Foundry Partners LLC grew its position in AdvanSix by 45.3% during the 3rd quarter. Foundry Partners LLC now owns 135,634 shares of the company’s stock worth $4,216,000 after purchasing an additional 42,286 shares during the period. Victory Capital Management Inc. grew its position in AdvanSix by 26.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock worth $67,687,000 after purchasing an additional 458,622 shares during the period. Finally, Inspire Investing LLC grew its position in AdvanSix by 10.9% during the 3rd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock worth $349,000 after purchasing an additional 1,103 shares during the period. Hedge funds and other institutional investors own 86.39% of the company’s stock.

AdvanSix Price Performance

Shares of NYSE:ASIX traded up $0.24 during trading on Monday, reaching $26.25. 125,575 shares of the company’s stock traded hands, compared to its average volume of 149,628. AdvanSix Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $40.85. The company has a quick ratio of 0.58, a current ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a market cap of $700.88 million, a PE ratio of 13.77 and a beta of 1.73. The company has a 50-day simple moving average of $27.24 and a 200-day simple moving average of $27.21.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. As a group, analysts predict that AdvanSix Inc. will post 1.04 earnings per share for the current year.

AdvanSix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, March 1st. AdvanSix’s dividend payout ratio is presently 33.68%.

Insider Activity at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction dated 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 directly owns 42,996 shares of the company’s stock, valued at approximately $1,195,288.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other AdvanSix news, CEO Erin N. Kane sold 1,385 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $27.96, for a total value of $38,724.60. Following the transaction, the chief executive officer now directly owns 556,370 shares of the company’s stock, valued at approximately $15,556,105.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $27.80, for a total transaction of $111,200.00. Following the completion of the transaction, the senior vice president now directly owns 42,996 shares in the company, valued at $1,195,288.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,387 shares of company stock valued at $486,481. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.