Cardinal Capital Management grew its holdings in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 99.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,433 shares of the specialty chemicals company's stock after purchasing an additional 47,683 shares during the period. Cardinal Capital Management owned approximately 0.65% of Oil-Dri Corporation Of America worth $4,382,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. North Star Investment Management Corp. increased its holdings in Oil-Dri Corporation Of America by 50.2% during the 1st quarter. North Star Investment Management Corp. now owns 73,900 shares of the specialty chemicals company's stock worth $3,393,000 after acquiring an additional 24,700 shares during the period. American Century Companies Inc. increased its holdings in Oil-Dri Corporation Of America by 11.5% during the 4th quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock worth $12,816,000 after acquiring an additional 15,041 shares during the period. Miracle Mile Advisors LLC increased its holdings 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 during the last quarter. Needham Investment Management LLC increased its holdings in shares of Oil-Dri Corporation Of America by 4.7% in the 4th quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company's stock worth $24,539,000 after buying an additional 12,500 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Oil-Dri Corporation Of America in the 4th quarter valued at $772,000. Institutional investors own 49.01% of the company's stock.
Insider Buying and Selling at Oil-Dri Corporation Of America
In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 3,500 shares of the stock in a transaction 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 completion of the sale, the director now owns 11,820 shares of the company's stock, valued at $502,468.20. This represents a 22.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.66% of the stock is currently owned by corporate insiders.
Oil-Dri Corporation Of America Trading Down 2.7%
Shares of ODC stock traded down $1.57 on Wednesday, hitting $56.31. 68,357 shares of the company's stock traded hands, compared to its average volume of 41,438. 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 has a one year low of $29.47 and a one year high of $60.32. The company's fifty day simple moving average is $47.45 and its 200 day simple moving average is $42.70. The stock has a market capitalization of $824.38 million, a price-to-earnings ratio of 16.56 and a beta of 0.62.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last released its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The company had revenue of $115.50 million for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%.
Oil-Dri Corporation Of America Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.72 annualized dividend and a yield of 1.28%. This is a boost from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. Oil-Dri Corporation Of America's dividend payout ratio is presently 18.24%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Oil-Dri Corporation Of America from a "buy" rating to a "strong-buy" rating in a report on Saturday.
Check Out Our Latest Report on ODC
About Oil-Dri Corporation Of America
(
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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