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

Truvestments Capital LLC acquired a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) during the third quarter, HoldingsChannel reports. The firm acquired 1,964 shares of the basic materials company’s stock, valued at approximately $98,000.

A number of other large investors have also modified their holdings of the company. nVerses Capital LLC bought a new stake in Andersons in the 2nd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of Andersons during the 2nd quarter valued at about $57,000. EverSource Wealth Advisors LLC increased its stake in Andersons by 323.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 828 shares during the period. Inspire Advisors LLC acquired a new position in Andersons in the second quarter worth about $202,000. Finally, Edgestream Partners L.P. bought a new position in Andersons during the second quarter worth about $219,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Down 2.6 %

ANDE opened at $47.82 on Wednesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 13.66 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The firm’s 50-day simple moving average is $48.19 and its 200-day simple moving average is $49.33. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46.

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

Analyst Ratings Changes

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

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.