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

The Andersons, Inc. (NASDAQ:ANDE) saw a large decrease in short interest in October. As of October 15th, there was short interest totalling 888,300 shares, a decrease of 16.2% from the September 30th total of 1,060,000 shares. Based on an average daily trading volume, of 147,900 shares, the days-to-cover ratio is currently 6.0 days. Approximately 2.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Thursday, October 24th.

Andersons Stock Down 2.3 %

Shares of NASDAQ:ANDE opened at $46.15 on Wednesday. Andersons has a fifty-two week low of $44.65 and a fifty-two week high of $61.46. The firm’s 50 day moving average price is $48.77 and its 200 day moving average price is $50.57. 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 stock has a market cap of $1.57 billion, a price-to-earnings ratio of 13.04 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS 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 firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was down 30.5% on a year-over-year basis.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, October 1st. Andersons’s payout ratio is 21.47%.

Hedge Funds Weigh In On Andersons

Several hedge funds have recently added to or reduced their stakes in the stock. James Investment Research Inc. grew its position in shares of Andersons by 7.7% in the 3rd quarter. James Investment Research Inc. now owns 9,478 shares of the basic materials company’s stock valued at $475,000 after buying an additional 675 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Andersons by 5.9% in the third quarter. Summit Place Financial Advisors LLC now owns 22,186 shares of the basic materials company’s stock valued at $1,112,000 after purchasing an additional 1,230 shares during the period. Inspire Advisors LLC raised its position in Andersons by 11.8% during the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after buying an additional 480 shares during the last quarter. Creative Planning raised its holdings in Andersons by 6.2% during the third quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 309 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Andersons by 21.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock worth $995,000 after buying an additional 3,490 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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.