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 in 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. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily volume of 152,500 shares, the days-to-cover ratio is presently 7.0 days.

Analysts Set New Price Targets

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

Andersons Stock Down 1.4 %

Shares of NASDAQ ANDE opened at $48.31 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 13.65 and a beta of 0.57. Andersons has a 12 month low of $44.65 and a 12 month high of $61.46. The stock has a 50-day moving average price of $48.95 and a two-hundred day moving average price of $51.26.

Andersons (NASDAQ:ANDE) last issued 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). The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The firm’s revenue was down 30.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS.

Andersons Dividend Announcement

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 paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, October 1st. Andersons’s dividend payout ratio is currently 21.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ANDE. Goldman Sachs Group Inc. increased its stake 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 buying an additional 36,146 shares during the period. Creekmur Asset Management LLC acquired a new position in shares of Andersons in the fourth quarter valued at approximately $41,000. GAMMA Investing LLC increased its stake 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 buying an additional 208 shares during the period. Allspring Global Investments Holdings LLC increased its stake 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 buying an additional 5,165 shares during the period. Finally, Principal Financial Group Inc. increased its stake 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 buying an additional 4,650 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

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.