Deerfield Management Company L.P. Series C Makes New $1.04 Million Investment in The Andersons, Inc. (NASDAQ:ANDE)

Deerfield Management Company L.P. Series C purchased a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 20,961 shares of the basic materials company’s stock, valued at approximately $1,040,000.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Andersons in the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in shares of 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 acquired a new stake in shares of Andersons during the fourth quarter worth $41,000. Larson Financial Group LLC bought a new position in shares of Andersons in the 1st quarter worth about $57,000. Finally, Innealta Capital LLC bought a new stake in Andersons in the second quarter worth approximately $57,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Trading Down 2.8 %

Shares of Andersons stock opened at $48.81 on Thursday. The stock has a 50 day moving average price of $49.77 and a two-hundred day moving average price of $51.88. The Andersons, Inc. has a 52 week low of $44.65 and a 52 week high of $61.46. 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 capitalization of $1.66 billion, a PE ratio of 13.79 and a beta of 0.57.

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

Andersons Announces Dividend

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 issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, October 1st. Andersons’s dividend payout ratio is 21.47%.

Analyst Upgrades and Downgrades

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

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.