EntryPoint Capital LLC Acquires New Holdings in The Andersons, Inc. (NASDAQ:ANDE)

EntryPoint Capital LLC acquired a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,079 shares of the basic materials company's stock, valued at approximately $327,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peoples Bank KS lifted its stake in shares of Andersons by 250.0% in the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company's stock worth $28,000 after acquiring an additional 500 shares in the last quarter. KBC Group NV raised its position in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 412 shares in the last quarter. Systematic Financial Management LP purchased a new position in shares of Andersons during the 3rd quarter valued at approximately $227,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Andersons during the third quarter worth approximately $253,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Andersons

In related news, VP Weston Heide sold 800 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now owns 16,104 shares of the company's stock, valued at approximately $772,992. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company's stock.

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Andersons Stock Performance

NASDAQ:ANDE traded up $0.44 during trading hours on Tuesday, reaching $43.37. 261,045 shares of the stock were exchanged, compared to its average volume of 236,959. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.48 billion, a P/E ratio of 13.06 and a beta of 0.48. The firm has a 50 day simple moving average of $42.44 and a 200-day simple moving average of $44.81.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.34. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $2.72 billion. As a group, sell-side analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, April 1st. Andersons's dividend payout ratio (DPR) is presently 23.49%.

Analyst Ratings Changes

Several analysts recently issued reports on ANDE shares. Stephens reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Andersons in a report on Wednesday, February 19th. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th.

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.