Shares are trading at $37.45 slightly over $34.97, the 50 day moving average and which is just a bit higher than the 200 day moving average of $34.43. The 50 day moving average was up $2.48 and the 200 day average was up $3.02. Trading was heavy with 132K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 35.46% over the normal average daily volume.
Traders are a little more bearish on the company lately if you watch the increase in short interest. The company realized a rise in short interest of 19.39% as of the latest report on October 13, 2017. Short interest increased 120,661 over that period. Days to cover increased from 5.0 to 8.0 and the short interest percentage is 0.03% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (ANDE). Peregrine Capital Management LLC bolstered its position by buying 3,922 shares an increase of 2.1% from 06/30/2017 to 09/30/2017. Peregrine Capital Management LLC currently owns 192,733 shares worth $6,601,000. The total value of its holdings increased 2.4%. Victory Capital Management Inc expanded its investment by buying 340,400 shares an increase of 17.0% as of 09/30/2017. Victory Capital Management Inc owns 2,346,129 shares with a value of $80,355,000. The value of the position overall is up by 17.3%.
As of quarter end Parkside Financial Bank & Trust had bought a total of 12 shares growing its holdings by 80.0%. The value in dollars decreased from $1,000 to $1,000 decreasing 0.0% since the last quarter. As of the end of the quarter Aperio Group, LLC had disposed of 408 shares trimming its stake by 5.6%. The value of the investment in ANDE went from $248,000 to $235,000 a change of $13,000 quarter to quarter.
On August 7 the company was rated “Equal-Weight” by Stephens & Co. a cut from the previous “Overweight” rating.
The company is so far trading up by 2.18% percent from yesterday’s close. Additionally the company announced a dividend for shareholders paid on Monday October 23rd, 2017. The dividend was $0.160 per share for the quarter or $0.64 on an annualized basis. The dividend yield was $1.73. The ex-dividend date was Friday the 29th of September 2017.
In the latest earnings report the EPS was $-0.63 and is expected to be $1.52 for the current year with 28,350,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.72 and the next full year EPS is anticipated to be $2.45.
The Andersons, Inc., launched on August 19, 1987, is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail. The Company produces turf and cob products, and has a consumer retailing presence. As of December 31, 2016, the Company owned an ethanol facility in Denison, Iowa with a nameplate capacity of 55 million gallons. The Company owns lawn fertilizer production facilities in Maumee, Ohio, Bowling Green, Ohio, Montgomery, Alabama, and Mocksville, North Carolina. The Company leases a lawn fertilizer warehouse facility in Toledo, Ohio. As of December 31, 2016, the Company operated 16 railcar repair facilities and one fabrication shop throughout the country, primarily in the Midwest, South and West..