The Andersons, Inc. (NASDAQ:ANDE) Sees Significant Growth in Short Interest

The Andersons, Inc. (NASDAQ:ANDE) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 1,060,000 shares, a growth of 19.9% from the September 15th total of 883,900 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily volume of 152,500 shares, the days-to-cover ratio is presently 7.0 days.

Andersons Stock Performance

Shares of ANDE stock opened at $48.99 on Tuesday. The stock has a fifty day moving average price of $48.94 and a 200 day moving average price of $51.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The stock has a market cap of $1.67 billion, a PE ratio of 13.84 and a beta of 0.57. Andersons has a 1 year low of $44.65 and a 1 year high of $61.46.

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

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. Andersons’s dividend payout ratio (DPR) is 21.47%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Andersons during the second quarter worth $25,000. GAMMA Investing LLC raised its stake in Andersons by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in Andersons in the 4th quarter valued at about $41,000. Larson Financial Group LLC acquired a new stake in shares of Andersons during the 1st quarter worth about $57,000. Finally, Innealta Capital LLC purchased a new stake in shares of Andersons during the second quarter worth about $57,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.