Oil-Dri Corporation Of America $ODC Shares Purchased by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Oil-Dri Corporation by 97.6% in Q1, owning 14,518 shares valued at approximately $667,000.
• Other institutional investors have notably increased their positions, with Jane Street Group's stake rising by 204.7%, now holding 19,498 shares worth about $895,000.
• A recent downgrade from Wall Street Zen has changed Oil-Dri Corporation's rating from "strong-buy" to "buy."

Rhumbline Advisers lifted its holdings in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 97.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,518 shares of the specialty chemicals company's stock after purchasing an additional 7,172 shares during the quarter. Rhumbline Advisers owned about 0.10% of Oil-Dri Corporation Of America worth $667,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ODC. Jane Street Group LLC lifted its position in Oil-Dri Corporation Of America by 204.7% during the 1st quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company's stock worth $895,000 after acquiring an additional 13,099 shares during the period. Goldman Sachs Group Inc. lifted its position in Oil-Dri Corporation Of America by 122.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company's stock worth $4,028,000 after acquiring an additional 48,309 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Oil-Dri Corporation Of America during the 1st quarter worth about $362,000. Needham Investment Management LLC lifted its position in Oil-Dri Corporation Of America by 100.5% during the 1st quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock worth $25,784,000 after acquiring an additional 281,500 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Oil-Dri Corporation Of America by 108.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company's stock worth $266,000 after acquiring an additional 3,010 shares during the period. Institutional investors and hedge funds own 49.01% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut 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 Trading Down 2.4%

Shares of Oil-Dri Corporation Of America stock opened at $63.81 on Tuesday. Oil-Dri Corporation Of America has a fifty-two week low of $32.15 and a fifty-two week high of $69.75. The stock has a 50 day moving average of $60.86 and a 200 day moving average of $53.35. The firm has a market capitalization of $934.22 million, a price-to-earnings ratio of 18.77 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83.

Insiders Place Their Bets

In other Oil-Dri Corporation Of America news, VP Christopher B. Lamson sold 2,500 shares of the firm's 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 in the company, valued at $707,222.75. This trade represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy Ryan sold 1,000 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the sale, the director owned 2,900 shares in the company, valued at approximately $175,798. This represents a 25.64% 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 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.

Want to see what other hedge funds are holding ODC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oil-Dri Corporation Of America (NYSE:ODC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.