Exchange Traded Concepts LLC Acquires 1,540 Shares of The Andersons, Inc. $ANDE

Exchange Traded Concepts LLC increased its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,627 shares of the basic materials company’s stock after purchasing an additional 1,540 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.08% of Andersons worth $979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Andersons by 2.9% in the first quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock worth $176,579,000 after purchasing an additional 115,948 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Andersons by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company’s stock worth $34,353,000 after purchasing an additional 48,596 shares during the last quarter. Invesco Ltd. grew its stake in shares of Andersons by 12.5% in the first quarter. Invesco Ltd. now owns 615,797 shares of the basic materials company’s stock worth $26,436,000 after purchasing an additional 68,498 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Andersons by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 339,311 shares of the basic materials company’s stock worth $14,567,000 after purchasing an additional 3,572 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Andersons by 0.7% in the first quarter. Empowered Funds LLC now owns 233,771 shares of the basic materials company’s stock worth $9,990,000 after purchasing an additional 1,558 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

Andersons Stock Up 0.6%

NASDAQ ANDE opened at $38.60 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The stock has a market capitalization of $1.32 billion, a PE ratio of 16.43 and a beta of 0.67. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $51.58. The business’s 50-day moving average is $38.53 and its 200 day moving average is $38.10.

Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. Sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Andersons’s payout ratio is presently 33.19%.

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.