Sei Investments Co. Acquires 59,693 Shares of Andersen Group Inc. $ANDG

Sei Investments Co. grew its stake in shares of Andersen Group Inc. (NYSE:ANDG) by 96.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,649 shares of the company’s stock after purchasing an additional 59,693 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Andersen Group worth $3,309,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ANDG. Wells Fargo & Company MN bought a new position in Andersen Group in the 4th quarter worth about $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group during the fourth quarter valued at approximately $215,000. Barclays PLC bought a new stake in shares of Andersen Group during the fourth quarter valued at approximately $218,000. Voloridge Investment Management LLC purchased a new stake in shares of Andersen Group in the fourth quarter valued at approximately $259,000. Finally, XTX Topco Ltd purchased a new stake in shares of Andersen Group in the fourth quarter valued at approximately $269,000.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial raised their price objective on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. UBS Group increased their price target on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Robert W. Baird raised their price target on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 price objective on shares of Andersen Group in a report on Wednesday, May 13th. Finally, Wells Fargo & Company increased their target price on shares of Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Andersen Group Stock Up 0.7%

Shares of Andersen Group stock opened at $49.34 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 9.72. The company has a market cap of $5.57 billion and a P/E ratio of 290.23. The firm’s 50 day moving average price is $40.77 and its 200-day moving average price is $32.51. Andersen Group Inc. has a 52-week low of $18.12 and a 52-week high of $50.48.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $240.75 million for the quarter. The business’s revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts predict that Andersen Group Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Andersen Group

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the transaction, the insider directly owned 1,333,749 shares in the company, valued at $53,363,297.49. The trade was a 20.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $537,300. The trade was a 18.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 13.00% of the company’s stock.

Andersen Group Company Profile

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.