The Andersons, Inc. (NASDAQ:ANDE) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 93.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,271 shares of the basic materials company’s stock after purchasing an additional 11,230 shares during the period. GSA Capital Partners LLP owned approximately 0.07% of Andersons worth $999,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Inspire Advisors LLC purchased a new position in shares of Andersons in the 1st quarter valued at about $230,000. Royce & Associates LP purchased a new position in Andersons in the first quarter valued at about $831,000. 1492 Capital Management LLC acquired a new stake in shares of Andersons during the 1st quarter valued at approximately $208,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Andersons during the 1st quarter worth approximately $352,000. Finally, Denali Advisors LLC boosted its stake in shares of Andersons by 11.4% during the 1st quarter. Denali Advisors LLC now owns 19,600 shares of the basic materials company’s stock worth $841,000 after acquiring an additional 2,000 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Down 1.5%

Shares of NASDAQ ANDE opened at $35.92 on Friday. The firm’s 50-day moving average is $36.43 and its two-hundred day moving average is $38.99. The company has a market capitalization of $1.23 billion, a PE ratio of 11.33 and a beta of 0.75. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $55.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.35% and a net margin of 0.97%. 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 previous year, the firm posted $0.16 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, July 1st. Andersons’s dividend payout ratio is currently 24.61%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ANDE. Wall Street Zen downgraded Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. BMO Capital Markets started coverage on Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 target price on the stock. Finally, Lake Street Capital cut their price target on Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Andersons Company Profile

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.