9,646 Shares in The Andersons, Inc. (NASDAQ:ANDE) Bought by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,646 shares of the basic materials company’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Andersons during the second quarter valued at about $25,000. GAMMA Investing LLC grew its position in Andersons by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in Andersons during the 4th quarter valued at approximately $41,000. Larson Financial Group LLC purchased a new position in shares of Andersons in the first quarter worth $57,000. Finally, Innealta Capital LLC acquired a new stake in shares of Andersons during the second quarter worth $57,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $49.06 on Thursday. The Andersons, Inc. has a 52 week low of $44.65 and a 52 week high of $61.46. The business’s 50 day moving average price is $49.70 and its 200 day moving average price is $52.05. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.67 billion, a P/E ratio of 13.86 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the company earned $1.52 earnings per share. The firm’s revenue was down 30.5% on a year-over-year basis.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. Andersons’s payout ratio is currently 21.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th.

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.