GAMMA Investing LLC Increases Stake in WD-40 (NASDAQ:WDFC)

GAMMA Investing LLC increased its position in WD-40 (NASDAQ:WDFC - Free Report) by 28,448.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,192 shares of the specialty chemicals company's stock after purchasing an additional 113,792 shares during the period. GAMMA Investing LLC owned approximately 0.84% of WD-40 worth $27,863,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of WD-40 by 6.3% in the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company's stock worth $205,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC raised its position in WD-40 by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock valued at $1,625,000 after buying an additional 57 shares during the last quarter. Truist Financial Corp raised its position in WD-40 by 2.4% in the 4th quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock valued at $646,000 after buying an additional 62 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in WD-40 by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock valued at $2,454,000 after buying an additional 68 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in WD-40 by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company's stock valued at $346,000 after buying an additional 70 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was bought 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 owns 4,072 shares in the company, valued at $907,363.76. The trade was a 6.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

WD-40 Stock Down 1.1%

NASDAQ WDFC traded down $2.73 on Thursday, reaching $243.10. The company had a trading volume of 314,337 shares, compared to its average volume of 108,588. The stock has a market capitalization of $3.29 billion, a P/E ratio of 46.57 and a beta of 0.17. The company's fifty day moving average is $233.54 and its 200 day moving average is $241.75. WD-40 has a 52-week low of $208.00 and a 52-week high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.05. The firm had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. Sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.55%. WD-40's dividend payout ratio (DPR) is presently 59.97%.

WD-40 Profile

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.