Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) VP Christopher B. Lamson sold 2,500 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $61.75, for a total transaction of $154,375.00. Following the completion of the transaction, the vice president owned 11,453 shares in the company, valued at approximately $707,222.75. This trade represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Oil-Dri Corporation Of America Price Performance
Shares of NYSE:ODC traded down $0.99 during midday trading on Thursday, reaching $59.95. The company's stock had a trading volume of 50,032 shares, compared to its average volume of 85,940. The business's fifty day simple moving average is $55.81 and its 200-day simple moving average is $48.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. Oil-Dri Corporation Of America has a fifty-two week low of $30.99 and a fifty-two week high of $63.82. The company has a market capitalization of $877.50 million, a P/E ratio of 17.63 and a beta of 0.65.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The firm had revenue of $115.50 million for 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 declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.18 per share. This is a boost from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, August 8th. Oil-Dri Corporation Of America's dividend payout ratio is 21.18%.
Institutional Trading of Oil-Dri Corporation Of America
A number of hedge funds and other institutional investors have recently modified their holdings of ODC. Sterling Investment Counsel LLC bought a new stake in shares of Oil-Dri Corporation Of America during the second quarter worth approximately $227,000. Arkfeld Wealth Strategies L.L.C. acquired a new stake in Oil-Dri Corporation Of America during the 2nd quarter worth $220,000. Goldman Sachs Group Inc. grew its holdings in Oil-Dri Corporation Of America by 122.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company's stock worth $4,028,000 after acquiring an additional 48,309 shares during the period. Rhumbline Advisers raised 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 last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Oil-Dri Corporation Of America by 204.7% in the 1st quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company's stock valued at $895,000 after purchasing an additional 13,099 shares during the period. Institutional investors and hedge funds own 49.01% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered 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 Research Report on ODC
About Oil-Dri Corporation Of America
(
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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