Croban Makes New Investment in The Andersons, Inc. (NASDAQ:ANDE)

Croban acquired a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,624 shares of the basic materials company's stock, valued at approximately $1,057,000. Croban owned about 0.07% of Andersons at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Yousif Capital Management LLC lifted its position 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 valued at $590,000 after buying an additional 275 shares during the last quarter. SummerHaven Investment Management LLC lifted its position 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 valued at $712,000 after buying an additional 353 shares during the last quarter. Nisa Investment Advisors LLC lifted its position 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 valued at $1,354,000 after buying an additional 408 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after buying an additional 412 shares during the last quarter. Finally, Summit Place Financial Advisors LLC lifted its position 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 valued at $977,000 after buying an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $38.45 on Friday. The stock's 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $39.44. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52. The company has a quick ratio of 0.89, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.31 billion, a P/E ratio of 12.13 and a beta of 0.75.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.85 billion. During the same period in the prior year, the business earned $0.16 EPS. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, July 1st. Andersons's payout ratio is currently 24.61%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ANDE shares. Lake Street Capital decreased their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, BMO Capital Markets started coverage on Andersons in a research note on Tuesday, May 6th. They set a "market perform" rating and a $45.00 price objective on the stock.

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.

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