Insider Buying: AdvanSix Inc (NASDAQ:ASIX) Director Buys $24,971.87 in Stock

AdvanSix Inc (NASDAQ:ASIX) Director Michael Marberry purchased 791 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was bought at an average cost of $31.57 per share, with a total value of $24,971.87. Following the acquisition, the director now owns 13,730 shares in the company, valued at approximately $433,456.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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 purchased 764 shares of AdvanSix stock. The stock was bought at an average cost of $32.68 per share, with a total value of $24,967.52.

AdvanSix Inc (NASDAQ:ASIX) traded up 0.36% during midday trading on Monday, hitting $33.30. 92,215 shares of the stock were exchanged. The stock has a market cap of $1.02 billion and a P/E ratio of 30.05. AdvanSix Inc has a one year low of $12.00 and a one year high of $33.67. The firm has a 50-day moving average price of $30.08 and a 200-day moving average price of $26.62.

AdvanSix (NASDAQ:ASIX) last released its quarterly earnings results on Thursday, May 11th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.45. The business had revenue of $376.70 million during the quarter. AdvanSix had a return on equity of 47.63% and a net margin of 7.25%. On average, equities research analysts anticipate that AdvanSix Inc will post $2.61 EPS for the current fiscal year.

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

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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