Oil-Dri Corporation Of America (NYSE:ODC) Stock Holdings Lifted by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in Oil-Dri Corporation Of America by 69.8%, owning a total of 45,486 shares worth approximately $2.09 million.
• Other institutional investors, including Allspring Global Investments and Bank of New York Mellon, also significantly boosted their positions in Oil-Dri during the first quarter, indicating strong interest in the company.
• Oil-Dri Corporation Of America announced an increase in its quarterly dividend from $0.16 to $0.18 per share, reflecting a positive outlook for the firm.

Victory Capital Management Inc. raised its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC - Free Report) by 69.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,486 shares of the specialty chemicals company's stock after purchasing an additional 18,693 shares during the period. Victory Capital Management Inc. owned 0.31% of Oil-Dri Corporation Of America worth $2,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Oil-Dri Corporation Of America by 87.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company's stock worth $775,000 after purchasing an additional 7,863 shares during the last quarter. Rhumbline Advisers increased its position in Oil-Dri Corporation Of America by 97.6% during the first quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company's stock worth $667,000 after purchasing an additional 7,172 shares during the last quarter. New York State Teachers Retirement System increased its position in Oil-Dri Corporation Of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 441 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Oil-Dri Corporation Of America by 94.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,567 shares of the specialty chemicals company's stock worth $807,000 after purchasing an additional 8,542 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Oil-Dri Corporation Of America by 103.3% during the first quarter. Bank of New York Mellon Corp now owns 97,052 shares of the specialty chemicals company's stock worth $4,457,000 after purchasing an additional 49,312 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company's stock.

Insider Buying and Selling at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 2,500 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $55.83, for a total transaction of $139,575.00. Following the transaction, the director directly owned 9,320 shares in the company, valued at $520,335.60. This represents a 21.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher B. Lamson sold 2,500 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $61.75, for a total transaction of $154,375.00. Following the transaction, the vice president 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 disclosure for this sale can be found here. Insiders have sold 6,000 shares of company stock worth $354,570 in the last ninety days. 11.66% of the stock is owned by insiders.

Oil-Dri Corporation Of America Trading Down 0.4%

Shares of Oil-Dri Corporation Of America stock traded down $0.21 during trading hours on Tuesday, hitting $57.19. The company's stock had a trading volume of 42,447 shares, compared to its average volume of 68,985. The business has a fifty day moving average of $56.21 and a 200 day moving average of $48.37. The company has a market capitalization of $837.19 million, a PE ratio of 16.82 and a beta of 0.65. Oil-Dri Corporation Of America has a 1-year low of $30.99 and a 1-year high of $63.82. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16.

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

Oil-Dri Corporation Of America Increases Dividend

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

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.

About Oil-Dri Corporation Of America

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.