Apollon Wealth Management LLC raised its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 100.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,351 shares of the specialty chemicals company's stock after buying an additional 6,184 shares during the quarter. Apollon Wealth Management LLC owned about 0.08% of Oil-Dri Corporation Of America worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Oil-Dri Corporation Of America by 87.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company's stock valued at $775,000 after acquiring an additional 7,863 shares in the last quarter. Rhumbline Advisers grew its stake in Oil-Dri Corporation Of America by 97.6% during the first quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company's stock valued at $667,000 after acquiring an additional 7,172 shares in the last quarter. New York State Teachers Retirement System grew its stake in Oil-Dri Corporation Of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 441 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Oil-Dri Corporation Of America by 94.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,567 shares of the specialty chemicals company's stock worth $807,000 after buying an additional 8,542 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in shares of Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Miracle Mile Advisors LLC now owns 28,000 shares of the specialty chemicals company's stock worth $1,286,000 after buying an additional 14,000 shares in the last quarter. 49.01% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Oil-Dri Corporation Of America
In related news, Director Ellen-Blair Chube sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $55.83, for a total value of $139,575.00. Following the completion of the sale, the director directly owned 9,320 shares in the company, valued at $520,335.60. The trade was a 21.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.66% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd.
Check Out Our Latest Report on ODC
Oil-Dri Corporation Of America Price Performance
Shares of NYSE:ODC traded down $0.19 on Monday, reaching $61.29. The company's stock had a trading volume of 31,054 shares, compared to its average volume of 42,521. The company has a market cap of $897.21 million, a P/E ratio of 18.03 and a beta of 0.65. The company has a 50-day simple moving average of $54.72 and a 200 day simple moving average of $47.63. Oil-Dri Corporation Of America has a 52-week low of $30.95 and a 52-week high of $63.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%. The firm had revenue of $115.50 million during the quarter.
Oil-Dri Corporation Of America Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.17%. This is a boost from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. The ex-dividend date is Friday, August 8th. Oil-Dri Corporation Of America's payout ratio is 18.24%.
Oil-Dri Corporation Of America Company Profile
(
Free Report)
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.
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