Dark Forest Capital Management LP Has $269,000 Stake in The Andersons, Inc. (NASDAQ:ANDE)

Dark Forest Capital Management LP raised its stake in The Andersons, Inc. (NASDAQ:ANDE) by 18.1% during the second quarter, HoldingsChannel.com reports. The fund owned 5,418 shares of the basic materials company’s stock after acquiring an additional 830 shares during the quarter. Dark Forest Capital Management LP’s holdings in Andersons were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of Andersons in the 2nd quarter valued at $25,000. GAMMA Investing LLC grew its stake in 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 last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Andersons during the fourth quarter worth approximately $41,000. Larson Financial Group LLC acquired a new stake in shares of Andersons during the first quarter worth approximately $57,000. Finally, Innealta Capital LLC bought a new position in shares of Andersons in the second quarter valued at approximately $57,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th.

Andersons Stock Performance

Andersons stock opened at $50.08 on Monday. The stock has a 50-day simple moving average of $49.71 and a 200 day simple moving average of $51.80. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.15 and a beta of 0.57. 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 Andersons, Inc. has a 12-month low of $44.65 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last announced its earnings results 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). Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s revenue was down 30.5% on a year-over-year basis.

Andersons Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. Andersons’s payout ratio is 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.