EntryPoint Capital LLC Makes New Investment in The Andersons, Inc. (NASDAQ:ANDE)

EntryPoint Capital LLC purchased a new stake in The Andersons, Inc. (NASDAQ:ANDE) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,079 shares of the basic materials company’s stock, valued at approximately $327,000.

Other large investors also recently made changes to their positions in the company. Peoples Bank KS lifted its stake in Andersons by 250.0% during the fourth quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. KBC Group NV increased its holdings in shares of Andersons by 70.3% in the fourth quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after buying an additional 412 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Andersons during the 3rd quarter valued at $227,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Andersons during the 3rd quarter worth $253,000. Institutional investors own 87.06% of the company’s stock.

Insider Transactions at Andersons

In other Andersons news, VP Weston Heide sold 800 shares of the company’s 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 transaction, the vice president now owns 16,104 shares in the company, valued at approximately $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by insiders.

Andersons Trading Up 0.9 %

Andersons stock opened at $43.88 on Friday. The Andersons, Inc. has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.22 and a beta of 0.48. The company has a 50 day moving average price of $42.50 and a 200 day moving average price of $44.91.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.02 by $0.34. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. Research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current year.

Andersons Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ANDE shares. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stephens restated an “overweight” rating and set a $55.00 price objective on shares of Andersons in a report on Wednesday, February 19th.

Andersons 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.