Venture Visionary Partners LLC Trims Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Venture Visionary Partners LLC decreased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 372,196 shares of the basic materials company’s stock after selling 1,057 shares during the period. Andersons accounts for approximately 0.8% of Venture Visionary Partners LLC’s portfolio, making the stock its 28th largest holding. Venture Visionary Partners LLC’s holdings in Andersons were worth $18,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ANDE. Inspire Advisors LLC increased its position in Andersons by 11.8% during the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 480 shares during the last quarter. Creative Planning increased its position in shares of Andersons by 6.2% in the third quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 309 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Andersons by 21.3% in the third quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock worth $995,000 after acquiring an additional 3,490 shares in the last quarter. Inspire Investing LLC increased its position in shares of Andersons by 15.5% in the third quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 1,234 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Andersons in the third quarter worth $499,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 1.8 %

NASDAQ ANDE traded down $0.88 during trading hours on Monday, reaching $47.34. 157,779 shares of the company traded hands, compared to its average volume of 170,023. The Andersons, Inc. has a 12 month low of $44.65 and a 12 month high of $61.46. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.61 billion, a PE ratio of 13.39 and a beta of 0.57. The company has a 50 day moving average of $49.04 and a two-hundred day moving average of $51.10.

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

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a $0.19 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. Andersons’s payout ratio is currently 21.47%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th.

Andersons Company 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.