Foundry Partners LLC Grows Holdings in Oil-Dri Corporation Of America (NYSE:ODC)

Foundry Partners LLC increased its stake in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 67.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,895 shares of the specialty chemicals company's stock after purchasing an additional 24,929 shares during the quarter. Foundry Partners LLC owned approximately 0.42% of Oil-Dri Corporation Of America worth $2,842,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in Oil-Dri Corporation Of America by 18.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company's stock worth $570,000 after acquiring an additional 1,000 shares in the last quarter. American Century Companies Inc. grew its position in Oil-Dri Corporation Of America by 11.5% in the fourth 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 in the last quarter. LPL Financial LLC purchased a new position in shares of Oil-Dri Corporation Of America during the fourth quarter valued at approximately $235,000. JPMorgan Chase & Co. boosted its position in shares of Oil-Dri Corporation Of America by 238.0% during the fourth quarter. JPMorgan Chase & Co. now owns 8,116 shares of the specialty chemicals company's stock valued at $711,000 after buying an additional 5,715 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of Oil-Dri Corporation Of America during the fourth quarter valued at approximately $240,000. Hedge funds and other institutional investors own 49.01% of the company's stock.

Analyst Ratings Changes

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.

Insider Activity at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America 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 value of $154,375.00. Following the transaction, the vice president directly owned 11,453 shares in the company, valued at approximately $707,222.75. The trade was a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen-Blair Chube sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction 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 transaction, the director owned 9,320 shares in the company, valued at approximately $520,335.60. This represents a 21.15% 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.

Oil-Dri Corporation Of America Price Performance

ODC stock traded up $1.14 during mid-day trading on Tuesday, reaching $61.60. The company's stock had a trading volume of 43,947 shares, compared to its average volume of 42,699. The stock has a market cap of $901.75 million, a PE ratio of 18.13 and a beta of 0.65. 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 $30.95 and a fifty-two week high of $63.82. The company's 50 day moving average is $55.00 and its two-hundred day moving average is $47.75.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $115.50 million during 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 firm 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 $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, August 8th. 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 currently 18.24%.

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.