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

Bfsg LLC lowered its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 49.8% during the second quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ANDE. GAMMA Investing LLC increased its holdings in shares of Andersons by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares during the period. Russell Investments Group Ltd. increased its stake in Andersons by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company’s stock valued at $622,000 after acquiring an additional 235 shares during the period. Summit Place Financial Advisors LLC raised its holdings in Andersons by 1.2% in the 1st quarter. Summit Place Financial Advisors LLC now owns 20,616 shares of the basic materials company’s stock valued at $1,183,000 after acquiring an additional 236 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Andersons by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock worth $799,000 after acquiring an additional 289 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Andersons by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock worth $794,000 after purchasing an additional 400 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Price Performance

NASDAQ: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 company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $49.86 and a 200-day moving average of $52.58. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.25 and a beta of 0.61. The Andersons, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $61.46.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $3.20 billion. During the same quarter last year, the business earned $1.52 EPS. Andersons’s quarterly revenue was down 30.5% compared to the same quarter last year.

Andersons Dividend Announcement

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

Analysts Set New Price Targets

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

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.