Denali Advisors LLC Raises Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Denali Advisors LLC boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 37,400.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the basic materials company’s stock after buying an additional 7,480 shares during the quarter. Denali Advisors LLC’s holdings in Andersons were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. nVerses Capital LLC purchased a new position in shares of Andersons during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC boosted its position in shares of Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after buying an additional 208 shares during the period. Creekmur Asset Management LLC purchased a new position in shares of Andersons during the fourth quarter worth $41,000. Larson Financial Group LLC acquired a new stake in shares of Andersons in the first quarter valued at $57,000. Finally, Innealta Capital LLC purchased a new stake in shares of Andersons in the 2nd quarter valued at $57,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Andersons Price Performance

Shares of ANDE opened at $49.13 on Wednesday. The company has a market cap of $1.67 billion, a P/E ratio of 13.88 and a beta of 0.57. The Andersons, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $61.46. 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’s 50 day moving average price is $49.65 and its 200 day moving average price is $52.09.

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

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. 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.