The Andersons, Inc. $ANDE Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its position in The Andersons, Inc. (NASDAQ:ANDE) by 20.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 72,516 shares of the basic materials company’s stock after acquiring an additional 12,439 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Andersons were worth $2,665,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ANDE. Yousif Capital Management LLC increased its holdings in Andersons by 2.0% in the first quarter. Yousif Capital Management LLC now owns 13,732 shares of the basic materials company’s stock valued at $590,000 after buying an additional 275 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Andersons by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the basic materials company’s stock valued at $712,000 after acquiring an additional 353 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Andersons by 1.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company’s stock valued at $1,354,000 after acquiring an additional 408 shares during the period. Summit Place Financial Advisors LLC raised its stake in shares of Andersons by 2.4% in the 1st quarter. Summit Place Financial Advisors LLC now owns 22,766 shares of the basic materials company’s stock valued at $977,000 after acquiring an additional 530 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Andersons by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company’s stock worth $752,000 after buying an additional 634 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

Shares of ANDE opened at $38.63 on Monday. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $51.58. The firm’s 50 day moving average price is $38.49 and its 200 day moving average price is $38.13. The company has a market cap of $1.32 billion, a P/E ratio of 16.44 and a beta of 0.67. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.29). Andersons had a net margin of 0.70% and a return on equity of 5.28%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.0%. Andersons’s dividend payout ratio is presently 33.19%.

Andersons 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.