Apollon Wealth Management LLC Increases Stake in Oil-Dri Corporation Of America (NYSE:ODC)

Apollon Wealth Management LLC lifted its position in shares of Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 100.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,351 shares of the specialty chemicals company's stock after acquiring an additional 6,184 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.08% of Oil-Dri Corporation Of America worth $567,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ODC. Trust Co. of Vermont increased its position in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 300 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Oil-Dri Corporation Of America by 98.0% during the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 441 shares in the last quarter. GAMMA Investing LLC increased its holdings in Oil-Dri Corporation 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 worth $127,000 after purchasing an additional 2,725 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Oil-Dri Corporation Of America during the 1st quarter worth approximately $131,000. Finally, New York State Common Retirement Fund increased its holdings in Oil-Dri Corporation Of America by 100.0% during the 1st quarter. New York State Common Retirement Fund now owns 4,082 shares of the specialty chemicals company's stock worth $187,000 after purchasing an additional 2,041 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.

Oil-Dri Corporation Of America Trading Up 0.3%

ODC stock traded up $0.19 during trading on Tuesday, hitting $60.65. 73,643 shares of the company traded hands, compared to its average volume of 42,844. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83. The firm has a market capitalization of $887.84 million, a PE ratio of 17.84 and a beta of 0.65. Oil-Dri Corporation Of America has a 1 year low of $30.99 and a 1 year high of $63.82. The company has a 50-day moving average of $55.00 and a 200-day moving average of $47.75.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%. The company had revenue of $115.50 million during the quarter.

Oil-Dri Corporation Of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, August 8th. This is an increase from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.19%. Oil-Dri Corporation Of America's dividend payout ratio (DPR) is currently 18.24%.

Insider Buying and Selling

In related news, Director Ellen-Blair Chube sold 2,500 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $55.83, for a total transaction of $139,575.00. Following the completion of the sale, the director owned 9,320 shares of the company's stock, valued at $520,335.60. This represents a 21.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher B. Lamson sold 2,500 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $61.75, for a total transaction of $154,375.00. Following the sale, the vice president directly owned 11,453 shares of the company's stock, valued at $707,222.75. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by company insiders.

Oil-Dri Corporation Of America 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.