The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC decreased its holdings in The Andersons, Inc. (NASDAQ:ANDE) by 13.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the basic materials company’s stock after selling 700 shares during the period. Baker Ellis Asset Management LLC’s holdings in Andersons were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ANDE. GAMMA Investing LLC raised its holdings 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 acquiring an additional 208 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in Andersons in the 4th quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new stake in Andersons in the 4th quarter valued at about $110,000. Mackenzie Financial Corp acquired a new stake in shares of Andersons during the 4th quarter worth approximately $215,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Andersons during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Down 0.5 %

Shares of NASDAQ ANDE opened at $49.60 on Friday. The company has a 50 day simple moving average of $52.20 and a 200-day simple moving average of $53.87. The company has a market capitalization of $1.69 billion, a P/E ratio of 14.01 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.04 and a quick ratio of 1.13. The Andersons, Inc. has a 1 year low of $44.85 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The firm had revenue of $2.72 billion during the quarter. On average, equities research analysts predict that The Andersons, Inc. will post 2.65 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 1st will be issued a $0.19 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.76 annualized dividend and a yield of 1.53%. Andersons’s dividend payout ratio (DPR) is presently 21.47%.

Insider Activity at Andersons

In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares in the company, valued at approximately $12,388,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Andersons news, CEO Patrick E. Bowe sold 3,387 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the transaction, the chief executive officer now owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Anderson sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.50.

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.