EntryPoint Capital LLC Takes Position in The Andersons, Inc. (NASDAQ:ANDE)

EntryPoint Capital LLC purchased a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,079 shares of the basic materials company’s stock, valued at approximately $327,000.

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

Analyst Upgrades and Downgrades

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

Andersons Price Performance

Shares of NASDAQ:ANDE opened at $43.88 on Friday. The firm’s 50 day moving average is $42.50 and its two-hundred day moving average is $44.91. The firm has a market capitalization of $1.50 billion, a P/E ratio of 13.22 and a beta of 0.48. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, beating 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 the consensus estimate of $2.72 billion. Analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Announces Dividend

The business 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 $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 1.78%. Andersons’s dividend payout ratio is presently 23.49%.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the transaction, the vice president now directly owns 16,104 shares in the company, valued at $772,992. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.30% of the stock is owned by corporate insiders.

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.