PDT Partners LLC Has $406,000 Position in Oil-Dri Corporation Of America $ODC

Key Points

• PDT Partners LLC increased its stake in Oil-Dri Corporation Of America by 140.7%, acquiring an additional 5,169 shares, bringing its total holdings to 8,844 shares valued at approximately $406,000.
• Several hedge funds, including Allspring Global Investments and Bank of New York Mellon Corp, also significantly increased their positions in Oil-Dri during the same period, demonstrating growing institutional interest in the company.
• Oil-Dri Corporation's shares saw a 4.5% increase recently, with a current trading price around $64.33 and a market capitalization of nearly $942 million.

PDT Partners LLC raised its position in shares of Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 140.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,844 shares of the specialty chemicals company's stock after buying an additional 5,169 shares during the quarter. PDT Partners LLC owned 0.06% of Oil-Dri Corporation Of America worth $406,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ODC. Gamco Investors INC. ET AL lifted its stake in Oil-Dri Corporation Of America by 99.3% during the first quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company's stock valued at $36,695,000 after buying an additional 398,056 shares in the last quarter. Vanguard Group Inc. lifted its stake in Oil-Dri Corporation Of America by 119.3% during the first quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock valued at $28,112,000 after buying an additional 333,053 shares in the last quarter. American Century Companies Inc. lifted its stake in Oil-Dri Corporation Of America by 126.4% during the first quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company's stock valued at $15,203,000 after buying an additional 184,844 shares in the last quarter. Royce & Associates LP lifted its stake in Oil-Dri Corporation Of America by 102.4% during the first quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company's stock valued at $15,429,000 after buying an additional 170,000 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Oil-Dri Corporation Of America by 99.5% in the first quarter. Gabelli Funds LLC now owns 165,200 shares of the specialty chemicals company's stock worth $7,586,000 after purchasing an additional 82,400 shares in the last quarter. 49.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Amy Ryan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christopher B. Lamson sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president owned 11,453 shares in the company, valued at $707,222.75. This represents a 17.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,000 shares of company stock worth $354,570. Insiders own 11.66% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.

Oil-Dri Corporation Of America Stock Down 0.5%

NYSE:ODC traded down $0.35 during mid-day trading on Wednesday, reaching $64.82. The stock had a trading volume of 9,866 shares, compared to its average volume of 50,218. The business's 50 day moving average is $59.55 and its 200 day moving average is $51.93. Oil-Dri Corporation Of America has a fifty-two week low of $32.15 and a fifty-two week high of $65.86. The stock has a market cap of $948.96 million, a P/E ratio of 19.06 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85.

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.