The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 93.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,271 shares of the basic materials company's stock after acquiring an additional 11,230 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of Andersons worth $999,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ANDE. Inspire Advisors LLC purchased a new position in shares of Andersons in the 1st quarter worth about $230,000. Royce & Associates LP bought a new position in Andersons during the 1st quarter valued at approximately $831,000. 1492 Capital Management LLC bought a new position in shares of Andersons in the 1st quarter worth approximately $208,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Andersons in the 1st quarter worth approximately $352,000. Finally, Denali Advisors LLC raised its position in shares of Andersons by 11.4% in the 1st quarter. Denali Advisors LLC now owns 19,600 shares of the basic materials company's stock worth $841,000 after acquiring an additional 2,000 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors.

Andersons Stock Performance

Shares of NASDAQ ANDE traded up $0.07 during mid-day trading on Monday, hitting $34.76. The stock had a trading volume of 43,131 shares, compared to its average volume of 319,598. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 1.76. The company has a 50 day moving average of $36.44 and a two-hundred day moving average of $38.85. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.58. The firm has a market cap of $1.19 billion, a PE ratio of 10.97 and a beta of 0.75.

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 (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company posted $0.16 EPS. The company's revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.2%. Andersons's dividend payout ratio (DPR) is presently 24.61%.

Analyst Upgrades and Downgrades

Several analysts have commented on ANDE shares. 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 target price on the stock. Wall Street Zen cut Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Lake Street Capital decreased their target price on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

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.