Oil-Dri Co. of America (NYSE:ODC) VP Sells $134,833.50 in Stock

Oil-Dri Co. of America (NYSE:ODC) VP Christopher B. Lamson sold 3,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now owns 70,796 shares of the company’s stock, valued at $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oil-Dri Co. of America Trading Up 0.3 %

Shares of ODC stock opened at $42.65 on Monday. The stock’s 50-day moving average price is $30.86 and its 200-day moving average price is $21.70. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $46.50. The stock has a market capitalization of $622.70 million, a price-to-earnings ratio of 13.78 and a beta of 0.53. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, February 21st. Oil-Dri Co. of America’s payout ratio is 20.03%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC lifted its holdings in shares of Oil-Dri Co. of America by 10.8% in the 3rd quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company’s stock valued at $18,455,000 after acquiring an additional 26,000 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Oil-Dri Co. of America during the second quarter valued at approximately $1,181,000. Moran Wealth Management LLC bought a new stake in shares of Oil-Dri Co. of America in the 3rd quarter valued at approximately $606,000. Marshall Wace LLP boosted its holdings in shares of Oil-Dri Co. of America by 50.5% in the 2nd quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company’s stock worth $1,406,000 after purchasing an additional 7,364 shares during the period. Finally, Franklin Resources Inc. purchased a new position in shares of Oil-Dri Co. of America in the 3rd quarter worth approximately $216,000. 49.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

About Oil-Dri Co. of America

Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments. The Business to Business Products Group segment’s customers include processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products.