Inspire Investing LLC Acquires 16,651 Shares of The Andersons, Inc. $ANDE

Key Points

• Inspire Investing LLC increased its stake in The Andersons, Inc. by 153%, owning $1.18 million worth of the stock after purchasing an additional 16,651 shares in the first quarter.
• The Andersons reported a net margin of 0.70% and earnings of $0.24 per share for the last quarter, falling short of expectations.
• The company announced a quarterly dividend of $0.195 per share, with a dividend yield of 1.9%, to be paid on October 22nd.

Inspire Investing LLC lifted its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 153.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,532 shares of the basic materials company's stock after purchasing an additional 16,651 shares during the quarter. Inspire Investing LLC owned 0.08% of Andersons worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Andersons by 426.2% in the first quarter. GAMMA Investing LLC now owns 1,805 shares of the basic materials company's stock worth $77,000 after acquiring an additional 1,462 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Andersons during the 4th quarter valued at about $189,000. Mutual of America Capital Management LLC bought a new stake in shares of Andersons in the 1st quarter valued at approximately $201,000. 1492 Capital Management LLC acquired a new position in Andersons in the first quarter worth approximately $208,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Andersons during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

Andersons Stock Up 1.6%

NASDAQ ANDE traded up $0.64 during trading on Thursday, hitting $40.10. 188,493 shares of the company traded hands, compared to its average volume of 320,921. The company has a market capitalization of $1.37 billion, a P/E ratio of 17.03 and a beta of 0.67. The business has a fifty day simple moving average of $38.45 and a 200 day simple moving average of $38.22. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $51.58. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly 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). Andersons had a net margin of 0.70% and a return on equity of 5.28%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm's revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.195 dividend. 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 is currently 33.19%.

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.