Arkfeld Wealth Strategies L.L.C. Invests $220,000 in Oil-Dri Corporation Of America $ODC

Key Points

• Arkfeld Wealth Strategies L.L.C. acquired a new position in Oil-Dri Corporation of America, purchasing 3,668 shares valued at approximately $220,000 in the second quarter.
• Major institutional investors, including Allspring Global Investments and Rhumbline Advisers, significantly increased their stakes in Oil-Dri during the first quarter, reflecting a growing interest in the company.
• Oil-Dri Corporation's stock is currently trading around $68.99, with a 1-year range between $32.15 and $69.75, indicating significant stock performance volatility over the past year.

Arkfeld Wealth Strategies L.L.C. bought a new position in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,668 shares of the specialty chemicals company's stock, valued at approximately $220,000.

A number of other institutional investors have also bought and sold shares of ODC. Trust Co. of Vermont grew its position in shares of Oil-Dri Corporation Of America by 100.0% during the first quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. MAI Capital Management grew its position in Oil-Dri Corporation Of America by 100.0% in the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 300 shares in the last quarter. New York State Teachers Retirement System grew its position in Oil-Dri Corporation Of America by 98.0% in the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Oil-Dri Corporation Of America by 100.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company's stock worth $53,000 after purchasing an additional 580 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Oil-Dri Corporation Of America during the first quarter valued at approximately $105,000. Hedge funds and other institutional investors own 49.01% of the company's stock.

Oil-Dri Corporation Of America Price Performance

Shares of ODC traded up $0.29 during mid-day trading on Tuesday, hitting $64.15. 12,446 shares of the company were exchanged, compared to its average volume of 51,201. Oil-Dri Corporation Of America has a 1-year low of $32.15 and a 1-year high of $69.75. 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 company has a 50 day moving average of $60.86 and a 200-day moving average of $53.35. The stock has a market cap of $939.17 million, a price-to-earnings ratio of 18.86 and a beta of 0.69.

Wall Street Analyst Weigh In

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

Insider Activity at Oil-Dri Corporation Of America

In related news, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction 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 in the company, valued at $707,222.75. This trade represents a 17.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Ryan sold 1,000 shares of Oil-Dri Corporation Of America stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at approximately $175,798. This represents a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.66% of the company's stock.

About Oil-Dri Corporation Of America

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.