The Andersons, Inc. $ANDE Shares Purchased by Inspire Investing LLC

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 boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 153.0% during the first quarter, according to the company in its most recent Form 13F filing 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 about 0.08% of Andersons worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Andersons Stock Down 4.4%

NASDAQ ANDE traded down $1.78 during trading on Monday, hitting $38.45. The company's stock had a trading volume of 581,105 shares, compared to its average volume of 225,908. 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 company has a market cap of $1.32 billion, a PE ratio of 16.36 and a beta of 0.67. The business's 50 day simple moving average is $38.39 and its 200-day simple moving average is $38.20. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.58.

Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share 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 analyst estimates of $2.86 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.Andersons's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. On average, equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.195 dividend. 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 dividend payout ratio (DPR) is currently 33.19%.

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.