Croban Purchases New Position in The Andersons, Inc. (NASDAQ:ANDE)

Croban bought a new position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,624 shares of the basic materials company's stock, valued at approximately $1,057,000. Croban owned 0.07% of Andersons as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ANDE. GAMMA Investing LLC increased its holdings in Andersons by 426.2% during the 1st quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,462 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 worth $116,000 after buying an additional 412 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Andersons during the 4th quarter worth about $189,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Andersons during the 4th quarter worth about $212,000. Finally, Walleye Capital LLC acquired a new position in shares of Andersons during the 4th quarter worth about $213,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Price Performance

NASDAQ:ANDE traded down $0.07 during mid-day trading on Friday, reaching $38.38. The stock had a trading volume of 166,594 shares, compared to its average volume of 276,110. The stock has a 50-day simple moving average of $36.03 and a two-hundred day simple moving average of $39.43. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.11 and a beta of 0.75. 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 12 month low of $31.03 and a 12 month high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's revenue was down 2.3% on a year-over-year basis. On average, equities analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, July 1st. Andersons's payout ratio is presently 24.61%.

Analyst Upgrades and Downgrades

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

Andersons 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.