The Andersons, Inc. (NASDAQ:ANDE) Short Interest Update

The Andersons, Inc. (NASDAQ:ANDE) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 672,700 shares, a decline of 12.0% from the January 15th total of 764,300 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 320,500 shares, the short-interest ratio is presently 2.1 days.

Insider Buying and Selling

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Institutional Trading of Andersons

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in Andersons by 2.2% during the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock worth $67,054,000 after purchasing an additional 28,773 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Andersons by 86.5% in the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock worth $4,110,000 after acquiring an additional 46,903 shares during the period. Peoples Bank KS boosted its holdings in Andersons by 250.0% in the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 500 shares during the period. Intech Investment Management LLC boosted its holdings in Andersons by 375.0% in the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after acquiring an additional 33,336 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after acquiring an additional 124,468 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

ANDE has been the topic of a number of recent research reports. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Andersons in a research note on Thursday, January 2nd.

Andersons Trading Down 0.6 %

ANDE traded down $0.25 on Friday, reaching $40.55. 229,502 shares of the company’s stock were exchanged, compared to its average volume of 213,148. The company’s 50 day moving average is $42.02 and its 200-day moving average is $46.16. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.59 and a beta of 0.58. Andersons has a twelve month low of $39.25 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is presently 22.29%.

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.