Proficio Capital Partners LLC Invests $728,000 in The Andersons, Inc. (NASDAQ:ANDE)

Proficio Capital Partners LLC acquired a new stake in The Andersons, Inc. (NASDAQ:ANDE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,964 shares of the basic materials company’s stock, valued at approximately $728,000. Proficio Capital Partners LLC owned about 0.05% of Andersons at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in Andersons by 2.2% in the third quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after acquiring an additional 28,773 shares during the period. Nordea Investment Management AB increased its holdings in shares of Andersons by 86.5% in the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after purchasing an additional 46,903 shares in the last quarter. Peoples Bank KS increased its holdings in shares of Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 33,336 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after buying an additional 124,468 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Andersons news, VP Weston Heide sold 800 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the transaction, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

Andersons Price Performance

Andersons stock opened at $42.32 on Friday. The firm’s 50-day moving average is $42.56 and its two-hundred day moving average is $45.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The stock has a market capitalization of $1.45 billion, a P/E ratio of 12.75 and a beta of 0.48. The Andersons, Inc. has a 12-month low of $39.25 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Equities analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio is presently 23.49%.

Wall Street Analysts Forecast Growth

ANDE has been the subject of a number of research analyst reports. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Stephens reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th.

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.