Oil-Dri Co. of America (NYSE:ODC) Director Sells $148,785.00 in Stock

Oil-Dri Co. of America (NYSE:ODC) Director Ellen-Blair Chube sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00. Following the transaction, the director now owns 11,820 shares of the company’s stock, valued at approximately $502,468.20. This represents a 22.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Oil-Dri Co. of America Price Performance

ODC stock traded down $1.78 during trading on Monday, reaching $41.61. 46,832 shares of the company were exchanged, compared to its average volume of 42,083. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $49.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The company has a market capitalization of $607.30 million, a price-to-earnings ratio of 13.44 and a beta of 0.55. The company has a 50-day moving average of $44.82 and a two-hundred day moving average of $33.78.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The company had revenue of $116.91 million for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America’s payout ratio is 19.81%.

Hedge Funds Weigh In On Oil-Dri Co. of America

Several large investors have recently modified their holdings of the business. FMR LLC lifted its holdings in Oil-Dri Co. of America by 81.6% during the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 200 shares during the period. GAMMA Investing LLC increased its position in Oil-Dri Co. of America by 9,083.3% during the 1st quarter. GAMMA Investing LLC now owns 2,755 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 2,725 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Oil-Dri Co. of America in the 1st quarter valued at $131,000. JPMorgan Chase & Co. raised its stake in Oil-Dri Co. of America by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after buying an additional 268 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Oil-Dri Co. of America by 973.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company’s stock valued at $189,000 after acquiring an additional 1,956 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, April 11th.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.