Forum Financial Management LP Grows Holdings in Oil-Dri Corporation Of America (NYSE:ODC)

Forum Financial Management LP boosted its position in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 100.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,030 shares of the specialty chemicals company's stock after purchasing an additional 6,515 shares during the period. Forum Financial Management LP owned about 0.09% of Oil-Dri Corporation Of America worth $598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Oil-Dri Corporation Of America by 69.8% in the 1st quarter. Victory Capital Management Inc. now owns 45,486 shares of the specialty chemicals company's stock valued at $2,089,000 after acquiring an additional 18,693 shares during the period. Apollon Wealth Management LLC grew its holdings in Oil-Dri Corporation Of America by 100.3% in the 1st quarter. Apollon Wealth Management LLC now owns 12,351 shares of the specialty chemicals company's stock valued at $567,000 after buying an additional 6,184 shares in the last quarter. New York State Common Retirement Fund increased its position 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 buying an additional 2,041 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Oil-Dri Corporation Of America by 103.3% in the first quarter. Bank of New York Mellon Corp now owns 97,052 shares of the specialty chemicals company's stock valued at $4,457,000 after acquiring an additional 49,312 shares during the period. Finally, New York State Teachers Retirement System grew its stake in shares of 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 valued at $41,000 after acquiring an additional 441 shares in the last quarter. Institutional investors own 49.01% of the company's stock.

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 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 sale, the vice president directly owned 11,453 shares of the company's stock, valued at approximately $707,222.75. This represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen-Blair Chube sold 2,500 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $55.83, for a total transaction of $139,575.00. Following the transaction, the director owned 9,320 shares in the company, valued at $520,335.60. This represents a 21.15% decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by insiders.

Oil-Dri Corporation Of America Stock Performance

Shares of NYSE:ODC traded down $0.93 during midday trading on Monday, reaching $60.54. 73,959 shares of the company traded hands, compared to its average volume of 42,690. The firm has a market capitalization of $886.31 million, a price-to-earnings ratio of 17.81 and a beta of 0.65. Oil-Dri Corporation Of America has a 12 month low of $30.95 and a 12 month high of $63.82. The firm's fifty day moving average price is $55.00 and its two-hundred day moving average price is $47.75. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16.

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 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The business had revenue of $115.50 million for 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. Shareholders of record on Friday, August 8th will be issued a $0.18 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.72 annualized dividend and a yield of 1.19%. 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 (DPR) is 18.24%.

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 report on Sunday, June 22nd.

Oil-Dri Corporation Of America Company 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.