Proficio Capital Partners LLC Takes $728,000 Position in The Andersons, Inc. (NASDAQ:ANDE)

Proficio Capital Partners LLC acquired a new position in The Andersons, Inc. (NASDAQ:ANDE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,964 shares of the basic materials company’s stock, valued at approximately $728,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in Andersons by 375.0% during the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after purchasing an additional 33,336 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after purchasing an additional 124,468 shares during the period. Truvestments Capital LLC bought a new stake in shares of Andersons in the 3rd quarter worth $98,000. BNP Paribas Financial Markets lifted its holdings in shares of Andersons by 46.6% in the third quarter. BNP Paribas Financial Markets now owns 15,867 shares of the basic materials company’s stock valued at $796,000 after buying an additional 5,041 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Andersons by 1.2% during the third quarter. Martingale Asset Management L P now owns 61,245 shares of the basic materials company’s stock valued at $3,071,000 after buying an additional 713 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANDE. Stephens restated an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

Andersons Stock Performance

Shares of ANDE stock opened at $42.32 on Friday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.75 and a beta of 0.48. The Andersons, Inc. has a 1-year low of $39.25 and a 1-year high of $61.46. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $42.56 and its 200-day simple moving average is $45.03.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.02 by $0.34. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. On average, sell-side analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.195 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.84%. Andersons’s dividend payout ratio is 23.49%.

Insider Transactions at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now owns 16,104 shares in the company, valued at approximately $772,992. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

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.