Truvestments Capital LLC Makes New $98,000 Investment in The Andersons, Inc. (NASDAQ:ANDE)

Truvestments Capital LLC purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,964 shares of the basic materials company’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in Andersons by 375.0% in the 3rd quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock worth $2,117,000 after purchasing an additional 33,336 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Andersons by 13.1% in the second quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock valued at $7,915,000 after purchasing an additional 18,500 shares during the period. Deerfield Management Company L.P. Series C acquired a new stake in shares of Andersons in the second quarter worth $1,040,000. Panagora Asset Management Inc. boosted its holdings in shares of Andersons by 5.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company’s stock worth $10,312,000 after buying an additional 10,222 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Andersons by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after buying an additional 31,881 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Stock Performance

ANDE opened at $47.82 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $48.19 and its two-hundred day moving average price is $49.33. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.66 and a beta of 0.60. The Andersons, Inc. has a 12-month low of $41.76 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.37. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. Andersons’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share.

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.