Inspire Advisors LLC Invests $230,000 in The Andersons, Inc. (NASDAQ:ANDE)

Inspire Advisors LLC purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,357 shares of the basic materials company’s stock, valued at approximately $230,000.

Other hedge funds also recently modified their holdings of the company. Yousif Capital Management LLC boosted its holdings in shares of Andersons by 2.0% during the 1st quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company’s stock worth $590,000 after buying an additional 275 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Andersons by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company’s stock worth $712,000 after buying an additional 353 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Andersons by 1.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company’s stock worth $1,354,000 after buying an additional 408 shares during the period. Summit Place Financial Advisors LLC boosted its holdings in shares of Andersons by 2.4% during the 1st quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company’s stock worth $977,000 after buying an additional 530 shares during the period. Finally, Arete Wealth Advisors LLC boosted its holdings in shares of Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock worth $272,000 after buying an additional 579 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Lake Street Capital decreased their price objective on shares of Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, May 8th. BMO Capital Markets assumed coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 price target for the company. Finally, Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Andersons Price Performance

Shares of Andersons stock opened at $36.65 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. The firm has a fifty day moving average price of $36.35 and a two-hundred day moving average price of $39.06. The company has a market cap of $1.25 billion, a PE ratio of 11.56 and a beta of 0.75.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.20. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, July 1st. Andersons’s payout ratio is 24.61%.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.