Short Interest in The Andersons, Inc. (NASDAQ:ANDE) Drops By 12.0%

The Andersons, Inc. (NASDAQ:ANDE) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 672,700 shares, a drop of 12.0% from the January 15th total of 764,300 shares. Based on an average trading volume of 320,500 shares, the short-interest ratio is presently 2.1 days. Currently, 2.1% of the company’s stock are sold short.

Andersons Trading Down 0.6 %

Shares of NASDAQ:ANDE opened at $40.55 on Tuesday. Andersons has a 52-week low of $39.25 and a 52-week high of $61.46. The company has a market capitalization of $1.38 billion, a P/E ratio of 11.59 and a beta of 0.58. The company has a 50-day simple moving average of $41.90 and a 200 day simple moving average of $46.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 1.92%. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Insider Activity

In other news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Andersons

Several hedge funds have recently bought and sold shares of the company. Creative Planning lifted its stake in Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 309 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 during the last quarter. Inspire Advisors LLC lifted its position in Andersons by 11.8% during the third quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 480 shares during the last quarter. Peoples Bank KS lifted its position in 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 acquiring an additional 500 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in Andersons by 9.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 579 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANDE. Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a report on Thursday, January 2nd. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

About Andersons

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.