Shares of Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 58,875 shares changed hands during trading, an increase of 40% from the previous session's volume of 42,096 shares.The stock last traded at $62.58 and had previously closed at $60.67.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.
Read Our Latest Analysis on Oil-Dri Corporation Of America
Oil-Dri Corporation Of America Trading Down 1.8%
The stock has a market cap of $899.34 million, a price-to-earnings ratio of 18.07 and a beta of 0.65. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The business's 50 day simple moving average is $54.72 and its 200 day simple moving average is $47.57.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last posted its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. The company 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.18 dividend. This is a positive change from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, August 8th. Oil-Dri Corporation Of America's dividend payout ratio (DPR) is currently 18.24%.
Insider Buying and Selling
In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.51, for a total transaction of $148,785.00. Following the sale, the director directly owned 11,820 shares of the company's stock, valued at $502,468.20. The trade was a 22.85% decrease in their position. The transaction 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.
Institutional Investors Weigh In On Oil-Dri Corporation Of America
Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Oil-Dri Corporation Of America by 87.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company's stock valued at $775,000 after acquiring an additional 7,863 shares during the period. Rhumbline Advisers lifted its position in shares of Oil-Dri Corporation Of America by 97.6% during the 1st quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company's stock valued at $667,000 after acquiring an additional 7,172 shares during the period. New York State Teachers Retirement System lifted its position in shares of Oil-Dri Corporation Of America by 98.0% during the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 441 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Oil-Dri Corporation Of America by 94.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,567 shares of the specialty chemicals company's stock valued at $807,000 after acquiring an additional 8,542 shares during the period. Finally, Miracle Mile Advisors LLC increased its stake in Oil-Dri Corporation Of America by 100.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 28,000 shares of the specialty chemicals company's stock valued at $1,286,000 after purchasing an additional 14,000 shares in the last quarter. 49.01% of the stock is owned by institutional investors.
Oil-Dri Corporation Of America Company Profile
(
Get Free Report)
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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