Bfsg LLC Sells 845 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Bfsg LLC lessened its position in The Andersons, Inc. (NASDAQ:ANDE) by 49.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 852 shares of the basic materials company’s stock after selling 845 shares during the quarter. Bfsg LLC’s holdings in Andersons were worth $42,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Andersons by 1.7% in 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 during the period. Charles Schwab Investment Management Inc. grew its stake in Andersons by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 683,933 shares of the basic materials company’s stock worth $39,354,000 after acquiring an additional 18,482 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Andersons by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock worth $20,091,000 after acquiring an additional 36,146 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Andersons by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock valued at $16,701,000 after acquiring an additional 5,983 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Andersons by 3.7% in the first quarter. Bridgeway Capital Management LLC now owns 307,465 shares of the basic materials company’s stock worth $17,639,000 after purchasing an additional 11,025 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Down 0.2 %

Shares of ANDE traded down $0.11 during mid-day trading on Friday, hitting $50.32. The company’s stock had a trading volume of 19,470 shares, compared to its average volume of 173,813. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.25 and a beta of 0.61. The company’s 50-day moving average is $49.86 and its 200-day moving average is $52.58. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a 52-week low of $45.07 and a 52-week high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data 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). Andersons had a return on equity of 7.93% and a net margin of 0.89%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 1st. Andersons’s payout ratio is currently 21.47%.

Analyst Ratings Changes

Separately, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

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.