North Star Investment Management Corp. boosted its holdings in shares of Oil-Dri Co. of America (NYSE:ODC - Free Report) by 50.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,900 shares of the specialty chemicals company's stock after buying an additional 24,700 shares during the quarter. North Star Investment Management Corp. owned about 0.51% of Oil-Dri Co. of America worth $3,393,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ODC. Miracle Mile Advisors LLC grew its position in shares of Oil-Dri Co. of America by 100.0% in the first quarter. Miracle Mile Advisors LLC now owns 28,000 shares of the specialty chemicals company's stock valued at $1,286,000 after purchasing an additional 14,000 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Oil-Dri Co. of America in the fourth quarter valued at about $701,000. Tower Research Capital LLC TRC grew its position in shares of Oil-Dri Co. of America by 973.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company's stock valued at $189,000 after purchasing an additional 1,956 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Oil-Dri Co. of America in the fourth quarter valued at about $522,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Oil-Dri Co. of America in the fourth quarter valued at about $228,000. 49.01% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Wall Street Zen raised Oil-Dri Co. of America from a "buy" rating to a "strong-buy" rating in a research report on Saturday.
View Our Latest Stock Report on Oil-Dri Co. of America
Oil-Dri Co. of America Stock Performance
ODC stock traded down $1.25 during trading on Friday, reaching $56.29. 33,957 shares of the stock were exchanged, compared to its average volume of 41,153. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $60.32. The company has a market capitalization of $821.48 million, a P/E ratio of 18.19 and a beta of 0.62. The stock has a 50 day simple moving average of $46.88 and a 200-day simple moving average of $42.14. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%. The business had revenue of $115.50 million for the quarter.
Oil-Dri Co. of America Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, August 8th. This is an increase from Oil-Dri Co. of America's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.28%. Oil-Dri Co. of America's dividend payout ratio (DPR) is 21.18%.
Insider Buying and Selling
In other Oil-Dri Co. of America news, Director Ellen-Blair Chube sold 3,500 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the transaction, the director now owns 11,820 shares in the company, valued at $502,468.20. This trade represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.66% of the stock is owned by company insiders.
About Oil-Dri Co. of America
(
Free Report)
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.
Recommended Stories
Before you consider Oil-Dri Co. of America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oil-Dri Co. of America wasn't on the list.
While Oil-Dri Co. of America currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
