Sei Investments Co. grew its stake in Andersen Group Inc. (NYSE:ANDG – Free Report) by 96.3% during the 1st quarter, HoldingsChannel reports. The firm owned 121,649 shares of the company’s stock after buying an additional 59,693 shares during the quarter. Sei Investments Co.’s holdings in Andersen Group were worth $3,309,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Seven Grand Managers LLC acquired a new position in shares of Andersen Group in the 4th quarter valued at $12,965,000. Royce & Associates LP purchased a new stake in Andersen Group during the fourth quarter worth $19,948,000. Telemark Asset Management LLC acquired a new stake in Andersen Group during the fourth quarter valued at $2,593,000. Teacher Retirement System of Texas acquired a new stake in Andersen Group during the fourth quarter valued at $4,278,000. Finally, Corient Private Wealth LLC purchased a new position in Andersen Group in the fourth quarter valued at $357,000.
Insider Transactions at Andersen Group
In other Andersen Group news, Director Robert V. Gunderson, Jr. bought 2,367 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $35.82 per share, with a total value of $84,785.94. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the completion of the transaction, the insider directly owned 1,333,749 shares in the company, valued at $53,363,297.49. This trade represents a 20.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.00% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Andersen Group
Andersen Group Trading Up 0.7%
Shares of ANDG stock opened at $49.34 on Friday. Andersen Group Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $50.48. The company has a debt-to-equity ratio of 9.72, a quick ratio of 2.36 and a current ratio of 2.36. The stock’s fifty day moving average is $40.77 and its two-hundred day moving average is $32.51. The firm has a market capitalization of $5.57 billion and a P/E ratio of 290.23.
Andersen Group (NYSE:ANDG – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $240.75 million for the quarter. The company’s revenue was up 15.7% compared to the same quarter last year. Research analysts expect that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.
Andersen Group Profile
Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.
Read More
- Five stocks we like better than Andersen Group
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding ANDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Andersen Group Inc. (NYSE:ANDG – Free Report).
Receive News & Ratings for Andersen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersen Group and related companies with MarketBeat.com's FREE daily email newsletter.
