The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.1% in the second quarter, HoldingsChannel.com reports. The fund owned 101,680 shares of the basic materials company’s stock after selling 1,135 shares during the quarter. Rhumbline Advisers’ holdings in Andersons were worth $5,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. nVerses Capital LLC purchased a new position in shares of Andersons during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC increased its position in Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after buying an additional 208 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in Andersons during the fourth quarter worth $41,000. Larson Financial Group LLC acquired a new position in shares of Andersons in the first quarter worth $57,000. Finally, Innealta Capital LLC purchased a new stake in shares of Andersons in the second quarter valued at $57,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Performance

Shares of ANDE opened at $47.90 on Monday. 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 company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.53 and a beta of 0.57. The company’s 50 day simple moving average is $49.65 and its 200 day simple moving average is $52.14. The Andersons, Inc. has a 1 year low of $44.65 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, October 1st. Andersons’s dividend payout ratio (DPR) is 21.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th.

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.