Published on 4 Apr 2024 on GuruFocus.com via Yahoo Finance
AdvanSix Inc CEO Erin Kane Sells Company Shares
AdvanSix Inc (NYSE:ASIX), a fully integrated manufacturer of nylon 6 resin, chemical intermediates and ammonium sulfate fertilizer, reported an insider sale according to a recent SEC filing. CEO Erin Kane sold 3,615 shares of the company on April 4, 2024.According to the filing, the shares were sold at a price of $28.04 per share, resulting in a transaction amount of $101,344.60. Following this transaction, the insider's stake in AdvanSix Inc has decreased, reflecting a change in the insider's investment in the company.Over the past year, Erin Kane has sold a total of 10,000 shares of AdvanSix Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of insider sales, with 15 insider sells and no insider buys over the same timeframe.
The market capitalization of AdvanSix Inc stands at $739.591 million as of the date of the insider sale. The stock's price-earnings ratio is 14.58, which is below the industry median of 21.93 and above the companys historical median price-earnings ratio.AdvanSix Inc's stock is currently trading at a price-to-GF-Value ratio of 0.8, with a GF Value of $35.08, indicating that the stock is modestly undervalued according to GuruFocus's intrinsic value estimate.