GAMMA Investing LLC Has $27.86 Million Holdings in WD-40 (NASDAQ:WDFC)

GAMMA Investing LLC lifted its stake in WD-40 (NASDAQ:WDFC - Free Report) by 28,448.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,192 shares of the specialty chemicals company's stock after buying an additional 113,792 shares during the period. GAMMA Investing LLC owned approximately 0.84% of WD-40 worth $27,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WDFC. Janney Montgomery Scott LLC raised its holdings in WD-40 by 19.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,757 shares of the specialty chemicals company's stock valued at $669,000 after acquiring an additional 450 shares in the last quarter. Blue Trust Inc. increased its position in shares of WD-40 by 39.9% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock worth $142,000 after purchasing an additional 157 shares during the period. KBC Group NV raised its stake in WD-40 by 23.1% in the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after purchasing an additional 103 shares in the last quarter. Pacer Advisors Inc. lifted its position in WD-40 by 115.3% during the fourth quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company's stock worth $208,000 after purchasing an additional 460 shares during the period. Finally, Guidance Capital Inc. bought a new stake in WD-40 during the fourth quarter worth about $464,000. Institutional investors and hedge funds own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a report on Monday, April 14th.

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer bought 256 shares of the stock in a transaction on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the acquisition, the chief financial officer now directly owns 4,072 shares in the company, valued at approximately $907,363.76. This trade represents a 6.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.75% of the company's stock.

WD-40 Price Performance

WDFC traded up $2.43 during trading on Friday, hitting $245.53. 211,848 shares of the stock traded hands, compared to its average volume of 109,466. The business has a 50 day moving average price of $233.55 and a 200 day moving average price of $241.01. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 47.04 and a beta of 0.17. WD-40 has a twelve month low of $208.00 and a twelve month high of $292.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. The company had revenue of $146.10 million during the quarter, compared to analysts' expectations of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. WD-40's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 EPS. Equities research analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, April 17th. WD-40's payout ratio is 59.97%.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.