The stock last traded at $36.60 a bit higher than $34.14, the stock’s 50 day moving average and barely above the 200 day moving average of $34.45. The 50 day moving average went up by +7.22% and the 200 day average moved up $2.15. The Andersons, Inc. shares had a trading volume of 101K in the last trading session. Shares saw a steep decrease in trading volume of 40.11% under the normal average daily volume.
Investors are feeling more bearish on The Andersons, Inc. if you look at the change in short interest. The company saw a rise in short interest from September 15, 2017 to September 29, 2017 of 7.48%. Short interest increased from 578,870 to 622,175 over that period. Days to cover decreased from 5.0 to 5.0 and the short interest percentage is 0.02% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (ANDE). As of the end of the quarter Trust Co Of Toledo Na /oh/ had disposed of 139 shares trimming its stake by 1.8%. The value of the company’s investment in The Andersons, Inc. went from $260,000 to $256,000 decreasing 1.5% since the last quarter. State of Alaska, Department of Revenue grew its investment by buying 20 shares an increase of 0.4%. State of Alaska, Department of Revenue now controls 5,228 shares with a value of $179,000. The total value of its holdings increased 1.1%.
As of quarter end Cutler Group LP had sold a total of 100 shares trimming its position 18.7%. The value of the investment in The Andersons, Inc. decreased from $18,000 to $14,000 a change of 22.2% quarter over quarter. As of quarter end Louisiana State Employees Retirement System had sold a total of 100 shares trimming its holdings by 0.9%. The value of the total investment in The Andersons, Inc. decreased from $367,000 to $365,000 a change of $2,000 quarter to quarter.
On August 7 the company was set at “Equal-Weight” in a report from Stephens & Co. which was a cut from the previous “Overweight” rating.
The company is trading down by 0.68%% since yesterday’s close of 36.85. The Andersons, Inc. also recently declared a dividend paid on Monday October 23rd, 2017. The dividend payment was $0.160 per share for the quarter or $0.64 on an annualized basis. This dividend amount was represent a yield of $1.74. The ex-dividend date was set for Friday the 29th of September 2017.
As of the last earnings report the EPS was $-0.63 and is projected to be $1.52 for the current year with 28,350,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.72 with next year’s EPS anticipated to be $2.41.
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..