Royce & Associates LP Makes New Investment in Andersen Group Inc. $ANDG

Royce & Associates LP acquired a new position in Andersen Group Inc. (NYSE:ANDG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 769,319 shares of the company’s stock, valued at approximately $19,948,000. Royce & Associates LP owned approximately 0.70% of Andersen Group as of its most recent filing with the Securities and Exchange Commission.

Separately, PNC Financial Services Group Inc. bought a new stake in Andersen Group in the 4th quarter worth about $215,000.

Insider Activity at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the purchase, the director owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Andersen Group Stock Performance

Shares of ANDG stock opened at $38.71 on Wednesday. The company’s 50 day simple moving average is $32.15. Andersen Group Inc. has a 12 month low of $18.12 and a 12 month high of $40.11.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Truist Financial upped their price objective on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. UBS Group upped their price objective on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company boosted their target price on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings began coverage on shares of Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Andersen Group Company 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.