Walleye Capital LLC Acquires New Shares in Oil-Dri Co. of America (NYSE:ODC)

Walleye Capital LLC bought a new stake in shares of Oil-Dri Co. of America (NYSE:ODC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 8,805 shares of the specialty chemicals company's stock, valued at approximately $772,000. Walleye Capital LLC owned 0.06% of Oil-Dri Co. of America as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in Oil-Dri Co. of America by 81.6% during the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Oil-Dri Co. of America by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock valued at $166,000 after acquiring an additional 268 shares during the last quarter. Mariner LLC acquired a new stake in shares of Oil-Dri Co. of America in the 4th quarter valued at about $222,000. LPL Financial LLC bought a new position in shares of Oil-Dri Co. of America during the fourth quarter worth about $235,000. Finally, Blair William & Co. IL acquired a new position in shares of Oil-Dri Co. of America in the 4th quarter worth approximately $240,000. 49.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a report on Friday, April 11th.

Insider Transactions at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the transaction, the director now owns 11,820 shares in the company, valued at approximately $502,468.20. The trade was a 22.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.66% of the company's stock.

Oil-Dri Co. of America Stock Performance

ODC traded up $0.02 on Friday, hitting $41.99. 16,997 shares of the company's stock were exchanged, compared to its average volume of 42,105. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $44.69 and a two-hundred day moving average of $34.67. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $49.72. The firm has a market cap of $612.83 million, a PE ratio of 13.57 and a beta of 0.55.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $116.91 million for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, May 9th. Oil-Dri Co. of America's dividend payout ratio (DPR) is 19.81%.

Oil-Dri Co. of America Profile

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.