Summit Place Financial Advisors LLC Has $1.11 Million Stock Position in The Andersons, Inc. (NASDAQ:ANDE)

Summit Place Financial Advisors LLC increased its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,186 shares of the basic materials company’s stock after purchasing an additional 1,230 shares during the period. Summit Place Financial Advisors LLC’s holdings in Andersons were worth $1,112,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Inspire Advisors LLC increased its stake in shares of Andersons by 11.8% in the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock valued at $228,000 after acquiring an additional 480 shares during the last quarter. Creative Planning increased its stake in Andersons by 6.2% in the third 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 in the last quarter. Exchange Traded Concepts LLC raised its holdings in Andersons by 21.3% in the third quarter. Exchange Traded Concepts LLC now owns 19,851 shares of the basic materials company’s stock worth $995,000 after purchasing an additional 3,490 shares during the period. Inspire Investing LLC boosted its position in shares of Andersons by 15.5% during the third quarter. Inspire Investing LLC now owns 9,191 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 1,234 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Andersons in the 3rd quarter valued at $499,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Price Performance

Shares of ANDE opened at $46.58 on Monday. The stock has a 50 day simple moving average of $48.87 and a 200 day simple moving average of $50.73. The Andersons, Inc. has a 52-week low of $44.65 and a 52-week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The firm has a market capitalization of $1.59 billion, a PE ratio of 13.16 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.04). The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The firm’s revenue was down 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 EPS.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. Andersons’s dividend payout ratio (DPR) is 21.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Thursday.

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.