Insider Selling: Oil-Dri Corporation Of America (NYSE:ODC) Director Sells 1,390 Shares of Stock

Key Points

• Director Ellen‑Blair Chube sold 1,390 shares on April 22 at an average of $73.06 for $101,553.40, cutting her ownership by 13.47% to 8,930 shares (valued at about $652,426).
• Oil‑Dri declared a quarterly dividend of $0.205 per share (annualized $0.82, yield 1.1%), payable May 22 to holders of record on May 8 (ex‑dividend May 8); the dividend payout ratio is 22.22%.
• Shares traded at $71.63 (down $0.61) with a market cap of $1.04 billion and a P/E of 19.41, and Weiss Ratings recently reissued a "buy" on the stock.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) Director Ellen-Blair Chube sold 1,390 shares of the firm's stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $73.06, for a total value of $101,553.40. Following the transaction, the director directly owned 8,930 shares in the company, valued at $652,425.80. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Oil-Dri Corporation Of America Stock Performance

Shares of ODC traded down $0.61 during trading hours on Wednesday, reaching $71.63. 47,307 shares of the company's stock traded hands, compared to its average volume of 67,950. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.45 and a quick ratio of 2.40. Oil-Dri Corporation Of America has a twelve month low of $41.37 and a twelve month high of $74.28. The business's fifty day simple moving average is $66.10 and its two-hundred day simple moving average is $59.24.

Oil-Dri Corporation Of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Oil-Dri Corporation Of America's dividend payout ratio (DPR) is 22.22%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Oil-Dri Corporation Of America in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Oil-Dri Corporation Of America by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company's stock worth $30,000 after acquiring an additional 183 shares during the period. Raymond James Financial Inc. bought a new stake in Oil-Dri Corporation Of America during the second quarter worth approximately $45,000. Legal & General Group Plc boosted its holdings in Oil-Dri Corporation Of America by 20.1% during the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company's stock worth $63,000 after buying an additional 178 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Oil-Dri Corporation Of America during the third quarter worth approximately $67,000. Finally, State of Alaska Department of Revenue boosted its holdings in Oil-Dri Corporation Of America by 361.7% during the fourth quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company's stock worth $91,000 after buying an additional 1,472 shares in the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.

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