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

The Andersons, Inc. (NASDAQ:ANDE) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 956,200 shares, an increase of 12.4% from the May 31st total of 850,900 shares. Based on an average daily trading volume, of 166,800 shares, the days-to-cover ratio is currently 5.7 days. Approximately 3.0% of the company’s stock are sold short.

Andersons Stock Performance

ANDE opened at $49.60 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Andersons has a 12-month low of $44.85 and a 12-month high of $61.46. The firm has a 50 day moving average of $52.20 and a two-hundred day moving average of $53.87. The firm has a market capitalization of $1.69 billion, a PE ratio of 14.01 and a beta of 0.60.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) 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, analysts anticipate that Andersons will post 2.65 EPS for the current year.

Andersons Announces Dividend

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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, July 1st. Andersons’s dividend payout ratio (DPR) is 21.47%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Andersons presently has an average rating of “Moderate Buy” and an average target price of $62.50.

Insider Buying and Selling at Andersons

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in Andersons by 64.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock worth $133,190,000 after buying an additional 907,734 shares in the last quarter. American Century Companies Inc. grew its position in shares of Andersons by 68.2% during the 3rd quarter. American Century Companies Inc. now owns 412,868 shares of the basic materials company’s stock valued at $21,267,000 after acquiring an additional 167,473 shares during the period. Vanguard Group Inc. increased its stake in shares of Andersons by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Andersons by 111.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock worth $5,083,000 after purchasing an additional 46,587 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Andersons by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,818,680 shares of the basic materials company’s stock worth $162,189,000 after purchasing an additional 46,203 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

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.