Rhumbline Advisers Boosts Stock Position in Oil-Dri Corporation Of America (NYSE:ODC)

Rhumbline Advisers boosted its holdings in Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 97.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,518 shares of the specialty chemicals company's stock after purchasing an additional 7,172 shares during the period. Rhumbline Advisers owned about 0.10% of Oil-Dri Corporation Of America worth $667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Oil-Dri Corporation Of America by 11.5% in the fourth quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock valued at $12,816,000 after buying an additional 15,041 shares during the period. Needham Investment Management LLC increased its position in shares of Oil-Dri Corporation Of America by 4.7% in the fourth quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company's stock worth $24,539,000 after purchasing an additional 12,500 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Oil-Dri Corporation Of America in the fourth quarter worth approximately $772,000. Citadel Advisors LLC purchased a new stake in Oil-Dri Corporation Of America in the fourth quarter worth approximately $701,000. Finally, ProShare Advisors LLC boosted its stake in Oil-Dri Corporation Of America by 6.1% in the fourth quarter. ProShare Advisors LLC now owns 132,412 shares of the specialty chemicals company's stock worth $11,605,000 after buying an additional 7,606 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company's stock.

Insider Activity at Oil-Dri Corporation Of America

In related news, Director Ellen-Blair Chube sold 2,500 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $55.83, for a total transaction of $139,575.00. Following the completion of the transaction, the director now directly owns 9,320 shares in the company, valued at approximately $520,335.60. The trade was a 21.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.66% of the stock is currently owned by corporate insiders.

Oil-Dri Corporation Of America Stock Performance

Shares of Oil-Dri Corporation Of America stock opened at $57.11 on Friday. Oil-Dri Corporation Of America has a 12 month low of $29.47 and a 12 month high of $60.32. The company has a current ratio of 2.83, a quick ratio of 1.85 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $48.24 and a two-hundred day simple moving average of $43.51. The firm has a market capitalization of $836.09 million, a P/E ratio of 16.80 and a beta of 0.62.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last issued its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The business had revenue of $115.50 million during the quarter.

Oil-Dri Corporation Of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, August 8th. This is an increase from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. Oil-Dri Corporation Of America's payout ratio is 18.24%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research note on Sunday.

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.

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