The Andersons, Inc. (NASDAQ:ANDE) Short Interest Update

The Andersons, Inc. (NASDAQ:ANDE) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 630,200 shares, a growth of 35.6% from the July 31st total of 464,600 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 309,200 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 309,200 shares, the short-interest ratio is currently 2.0 days. Approximately 2.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caxton Associates LLP acquired a new stake in shares of Andersons in the second quarter valued at approximately $463,000. Public Sector Pension Investment Board grew its position in shares of Andersons by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 109,932 shares of the basic materials company’s stock valued at $4,040,000 after purchasing an additional 8,020 shares during the last quarter. Walnut Level Capital LLC acquired a new stake in shares of Andersons in the second quarter valued at approximately $6,989,000. CANADA LIFE ASSURANCE Co grew its position in shares of Andersons by 3.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 29,604 shares of the basic materials company’s stock valued at $1,088,000 after purchasing an additional 984 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Andersons by 227.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 2,053 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.67.

Andersons Trading Down 2.3%

Shares of ANDE opened at $39.96 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $38.25 and its two-hundred day moving average is $38.33. Andersons has a twelve month low of $31.03 and a twelve month high of $51.58. The firm has a market capitalization of $1.37 billion, a P/E ratio of 17.00 and a beta of 0.67.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, August 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.29). Andersons had a return on equity of 5.28% and a net margin of 0.70%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Andersons will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, October 1st. Andersons’s dividend payout ratio is presently 33.19%.

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.