The Andersons, Inc. (NASDAQ:ANDE) Sees Large Decrease in Short Interest

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 888,300 shares, a decrease of 16.2% from the September 30th total of 1,060,000 shares. Approximately 2.8% of the company's stock are short sold. Based on an average daily volume of 147,900 shares, the days-to-cover ratio is currently 6.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a report on Thursday.

Andersons Stock Performance

ANDE stock traded up $0.67 on Monday, hitting $47.25. The company had a trading volume of 78,187 shares, compared to its average volume of 168,267. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Andersons has a 12-month low of $44.65 and a 12-month high of $61.46. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 13.35 and a beta of 0.57. The stock's 50-day simple moving average is $48.82 and its 200 day simple moving average is $50.65.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly 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 net margin of 0.83% and a return on equity of 6.99%. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the previous year, the company earned $1.52 EPS. Andersons's revenue for the quarter was down 30.5% compared to the same quarter last year.

Andersons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. Andersons's dividend payout ratio (DPR) is presently 21.47%.

Institutional Trading of Andersons

Institutional investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Andersons in the 2nd quarter worth $25,000. Larson Financial Group LLC purchased a new position in shares of Andersons during the 1st quarter worth about $57,000. EverSource Wealth Advisors LLC grew its holdings in Andersons by 323.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 828 shares during the last quarter. Innealta Capital LLC purchased a new stake in Andersons in the 2nd quarter worth about $57,000. Finally, SG Americas Securities LLC bought a new position in shares of Andersons during the first quarter valued at approximately $193,000. Hedge funds and other institutional investors own 87.06% of the company's stock.

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.