Oil-Dri Co. of America (NYSE:ODC) Stock Price Down 3.5%

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) dropped 3.5% on Monday . The company traded as low as $79.34 and last traded at $79.34. Approximately 8,284 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 15,038 shares. The stock had previously closed at $82.25.

Oil-Dri Co. of America Trading Down 4.8 %

The stock has a market cap of $571.10 million, a PE ratio of 12.82 and a beta of 0.67. The company has a current ratio of 3.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $72.32 and a two-hundred day simple moving average of $67.17.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 earnings per share for the quarter. The business had revenue of $105.67 million for the quarter. Oil-Dri Co. of America had a net margin of 10.14% and a return on equity of 26.98%.

Oil-Dri Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.29 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Oil-Dri Co. of America's dividend payout ratio (DPR) is currently 18.99%.

Institutional Trading of Oil-Dri Co. of America

A number of institutional investors have recently made changes to their positions in ODC. Diamond Hill Capital Management Inc. lifted its holdings in Oil-Dri Co. of America by 46.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company's stock worth $7,766,000 after buying an additional 39,618 shares during the period. Kennedy Capital Management LLC bought a new stake in Oil-Dri Co. of America in the third quarter valued at $1,147,000. Acadian Asset Management LLC increased its position in Oil-Dri Co. of America by 78.9% during the 3rd quarter. Acadian Asset Management LLC now owns 31,810 shares of the specialty chemicals company's stock valued at $1,959,000 after purchasing an additional 14,030 shares during the period. Miracle Mile Advisors LLC bought a new position in Oil-Dri Co. of America in the 4th quarter worth $939,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Oil-Dri Co. of America in the 3rd quarter worth about $846,000. Hedge funds and other institutional investors own 49.01% of the company's stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.

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