Dynamic Technology Lab Private Ltd Buys New Holdings in Oil-Dri Corporation Of America $ODC

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Oil-Dri Corporation Of America, purchasing 7,882 shares valued at approximately $362,000 during the first quarter.
• Multiple institutional investors, including Trust Co. of Vermont and MAI Capital Management, have significantly increased their stakes in Oil-Dri, indicating growing confidence in the company's potential.
• Corporate insiders have recently sold a total of 6,000 shares of Oil-Dri stock worth $354,570, reflecting a trend of insider liquidation amid overall positive institutional interest.

Dynamic Technology Lab Private Ltd purchased a new stake in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,882 shares of the specialty chemicals company's stock, valued at approximately $362,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Oil-Dri Corporation Of America as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Needham Investment Management LLC raised its holdings in shares of Oil-Dri Corporation Of America by 100.5% during the first quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock worth $25,784,000 after acquiring an additional 281,500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Oil-Dri Corporation Of America by 108.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company's stock worth $266,000 after purchasing an additional 3,010 shares in the last quarter. PDT Partners LLC raised its stake in shares of Oil-Dri Corporation Of America by 140.7% in the 1st quarter. PDT Partners LLC now owns 8,844 shares of the specialty chemicals company's stock valued at $406,000 after purchasing an additional 5,169 shares during the period. Royal Bank of Canada lifted its holdings in shares of Oil-Dri Corporation Of America by 79.0% in the first quarter. Royal Bank of Canada now owns 31,787 shares of the specialty chemicals company's stock valued at $1,460,000 after purchasing an additional 14,030 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in shares of 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 valued at $28,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 49.01% of the company's stock.

Wall Street Analyst Weigh In

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

Oil-Dri Corporation Of America Stock Up 1.8%

Shares of Oil-Dri Corporation Of America stock traded up $1.22 during trading hours on Thursday, reaching $68.99. 64,701 shares of the company's stock were exchanged, compared to its average volume of 66,117. The stock has a market cap of $1.01 billion, a P/E ratio of 20.29 and a beta of 0.69. The company has a 50 day moving average of $60.63 and a two-hundred day moving average of $53.00. The company has a current ratio of 2.83, a quick ratio of 1.85 and a debt-to-equity ratio of 0.16. Oil-Dri Corporation Of America has a fifty-two week low of $32.15 and a fifty-two week high of $69.75.

Insider Activity at Oil-Dri Corporation Of America

In other news, VP Christopher B. Lamson sold 2,500 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $61.75, for a total value of $154,375.00. Following the completion of the sale, the vice president owned 11,453 shares of the company's stock, valued at approximately $707,222.75. This represents a 17.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amy Ryan sold 1,000 shares of the firm's 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 directly owned 2,900 shares of the company's stock, valued at $175,798. This represents a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,000 shares of company stock valued at $354,570. 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.