Seven Grand Managers LLC Makes New Investment in Andersen Group Inc. $ANDG

Seven Grand Managers LLC acquired a new position in Andersen Group Inc. (NYSE:ANDG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $12,965,000. Seven Grand Managers LLC owned approximately 0.46% of Andersen Group at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new stake in Andersen Group in the 4th quarter worth approximately $215,000. Teacher Retirement System of Texas purchased a new position in shares of Andersen Group during the 4th quarter valued at approximately $4,278,000. Finally, Royce & Associates LP purchased a new position in shares of Andersen Group during the 4th quarter valued at approximately $19,948,000.

Andersen Group Stock Performance

Shares of ANDG stock opened at $37.50 on Thursday. The company has a fifty day moving average price of $32.43. Andersen Group Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $40.11.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The firm’s revenue was up 15.7% on a year-over-year basis. Sell-side analysts expect that Andersen Group Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ANDG. Wells Fargo & Company increased their target price on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research report on Wednesday, May 13th. Weiss Ratings began coverage on Andersen Group in a research report on Monday, April 6th. They set a “sell (e)” rating on the stock. Truist Financial increased their target price on Andersen Group from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, UBS Group increased their target price on Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Insiders Place Their Bets

In other news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at approximately $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.

About Andersen Group

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.