AdvanSix Inc (ASIX, Financial), 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 company’s 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.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The recent insider sale by CEO Erin Kane may provide investors with insight into the insider's perspective on the stock's valuation and future prospects. However, it is important for investors to consider a wide range of factors when evaluating the potential investment in any stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
