The President & CEO of The Andersons (NASDAQ: ANDE) is Buying Shares

By Carrie Williams

Today, the President & CEO of The Andersons (ANDEResearch Report), Bowe Patrick, bought shares of ANDE for $215K.

Following this transaction Bowe Patrick E.’s holding in the company was increased by 3.04% to a total of $7.44 million. In addition to Bowe Patrick, 3 other ANDE executives reported Buy trades in the last month.

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Based on The Andersons’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.98 billion and GAAP net loss of $4.24 million. In comparison, last year the company earned revenue of $686 million and had a GAAP net loss of $2.1 million. The company has a one-year high of $38.23 and a one-year low of $17.40. ANDE’s market cap is $716.2M and the company has a P/E ratio of 18.52.

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The Andersons, Inc. is a diversified company, which is rooted in agriculture. It engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following business segments: Grain, Ethanol, Plant Nutrient, Rail, and Other. The Grain segment operates grain elevators in various states in the United States.