The Andersons, Inc. $ANDE Stock Position Reduced by GAMMA Investing LLC

GAMMA Investing LLC cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 45.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 982 shares of the basic materials company’s stock after selling 823 shares during the period. GAMMA Investing LLC’s holdings in Andersons were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDE. Yousif Capital Management LLC grew its position in Andersons by 2.0% in the first quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company’s stock worth $590,000 after acquiring an additional 275 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Andersons by 2.2% in the first quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company’s stock worth $712,000 after acquiring an additional 353 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Andersons by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company’s stock worth $1,354,000 after acquiring an additional 408 shares in the last quarter. Summit Place Financial Advisors LLC grew its position in Andersons by 2.4% in the first quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company’s stock worth $977,000 after acquiring an additional 530 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in Andersons by 1.4% in the first quarter. Alps Advisors Inc. now owns 50,660 shares of the basic materials company’s stock worth $2,175,000 after acquiring an additional 676 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.67.

Andersons Trading Up 2.1%

Shares of ANDE stock opened at $41.29 on Monday. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $51.58. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 17.57 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The firm has a fifty day moving average of $39.13 and a 200-day moving average of $37.92.

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

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.9%. Andersons’s dividend payout ratio (DPR) is 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.