Michael Marberry Buys 625 Shares of AdvanSix Inc (ASIX) Stock

AdvanSix Inc (NYSE:ASIX) Director Michael Marberry acquired 625 shares of AdvanSix stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of $40.00 per share, for a total transaction of $25,000.00. Following the purchase, the director now owns 17,622 shares of the company’s stock, valued at approximately $704,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, December 1st, Michael Marberry acquired 577 shares of AdvanSix stock. The stock was acquired at an average cost of $43.28 per share, for a total transaction of $24,972.56.
  • On Wednesday, November 1st, Michael Marberry acquired 539 shares of AdvanSix stock. The stock was acquired at an average cost of $46.41 per share, for a total transaction of $25,014.99.
  • On Monday, October 2nd, Michael Marberry acquired 625 shares of AdvanSix stock. The stock was acquired at an average cost of $39.93 per share, for a total transaction of $24,956.25.

Shares of AdvanSix Inc (NYSE ASIX) traded up $1.44 on Friday, hitting $41.08. The stock had a trading volume of 613,191 shares, compared to its average volume of 212,650. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84. AdvanSix Inc has a twelve month low of $20.54 and a twelve month high of $46.51. The firm has a market capitalization of $1,208.34, a price-to-earnings ratio of 23.74 and a beta of 2.84.

ASIX has been the topic of several research reports. Cowen upped their price target on AdvanSix from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Zacks Investment Research raised AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, September 12th. BidaskClub raised AdvanSix from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, ValuEngine lowered AdvanSix from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its stake in shares of AdvanSix by 5.8% during the second quarter. UBS Asset Management Americas Inc. now owns 9,132 shares of the company’s stock valued at $285,000 after acquiring an additional 498 shares during the period. Pacad Investment Ltd. lifted its stake in shares of AdvanSix by 16.7% during the second quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after acquiring an additional 500 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of AdvanSix by 13.6% during the second quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after acquiring an additional 539 shares during the period. Symphony Asset Management LLC lifted its stake in shares of AdvanSix by 4.1% during the second quarter. Symphony Asset Management LLC now owns 20,063 shares of the company’s stock valued at $627,000 after acquiring an additional 784 shares during the period. Finally, AGF Investments Inc. increased its holdings in AdvanSix by 1.7% in the second quarter. AGF Investments Inc. now owns 65,603 shares of the company’s stock valued at $2,050,000 after purchasing an additional 1,111 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for AdvanSix (NYSE:ASIX)

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