The Andersons, Inc. (NASDAQ:ANDE) Short Interest Up 19.9% in September

The Andersons, Inc. (NASDAQ:ANDE) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,060,000 shares, an increase of 19.9% from the September 15th total of 883,900 shares. Based on an average daily trading volume, of 152,500 shares, the short-interest ratio is currently 7.0 days. Currently, 3.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Andersons

A number of institutional investors have recently modified their holdings of ANDE. Goldman Sachs Group Inc. boosted its position in shares of Andersons by 11.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock valued at $20,091,000 after acquiring an additional 36,146 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Andersons in the fourth quarter valued at about $41,000. GAMMA Investing LLC boosted its position in shares of Andersons by 65.8% in the first 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 period. Allspring Global Investments Holdings LLC boosted its position in shares of Andersons by 5.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 93,501 shares of the basic materials company’s stock valued at $5,364,000 after acquiring an additional 5,165 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Andersons by 2.8% in the first quarter. Principal Financial Group Inc. now owns 170,069 shares of the basic materials company’s stock valued at $9,757,000 after acquiring an additional 4,650 shares during the period. Institutional investors own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th.

Andersons Trading Down 1.4 %

ANDE stock opened at $48.31 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The company has a fifty day moving average price of $48.95 and a two-hundred day moving average price of $51.26. Andersons has a one year low of $44.65 and a one year high of $61.46. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 13.65 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. Andersons’s dividend payout ratio (DPR) is 21.47%.

Andersons Company 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.