Royce & Associates LP Makes New $19.95 Million Investment in Andersen Group Inc. $ANDG

Royce & Associates LP bought a new position in Andersen Group Inc. (NYSE:ANDG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 769,319 shares of the company’s stock, valued at approximately $19,948,000.

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

Andersen Group Stock Performance

Shares of NYSE:ANDG opened at $38.71 on Wednesday. Andersen Group Inc. has a one year low of $18.12 and a one year high of $40.11. The business has a fifty day moving average of $32.15.

Andersen Group (NYSE:ANDG) last released its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $240.75 million for the quarter. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Research analysts expect that Andersen Group Inc. will post 0.23 EPS for the current fiscal year.

Insider Activity at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. bought 2,367 shares of Andersen Group stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $35.82 per share, with a total value of $84,785.94. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $537,300. This trade represents a 18.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ANDG shares. Truist Financial increased their target price on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Robert W. Baird increased their target price on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley increased their target price on shares of Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Weiss Ratings started coverage on shares of Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating on the stock. Finally, Wells Fargo & Company increased their target price on shares of Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.