The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its stake in The Andersons, Inc. (NASDAQ:ANDE) by 25.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,957 shares of the basic materials company’s stock after purchasing an additional 1,605 shares during the quarter. Inspire Investing LLC’s holdings in Andersons were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ANDE. nVerses Capital LLC purchased a new position in Andersons in the 2nd quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in shares of Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Andersons in the fourth quarter valued at about $41,000. Larson Financial Group LLC acquired a new position in shares of Andersons during the first quarter worth about $57,000. Finally, Innealta Capital LLC purchased a new position in Andersons during the second quarter worth about $57,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

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

Andersons Trading Down 0.4 %

Shares of ANDE stock opened at $49.91 on Friday. The Andersons, Inc. has a 1-year low of $44.65 and a 1-year high of $61.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The business’s fifty day moving average price is $49.81 and its 200 day moving average price is $51.97. The firm has a market capitalization of $1.70 billion, a PE ratio of 14.10 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last announced 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 company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business earned $1.52 EPS. The firm’s revenue for the quarter was down 30.5% on a year-over-year basis.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, October 1st. Andersons’s dividend payout ratio is currently 21.47%.

About Andersons

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.