ValuEngine Lowers Oil-Dri Co. of America (NYSE:ODC) to Sell

ValuEngine cut shares of Oil-Dri Co. of America (NYSE:ODC) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Separately, TheStreet upgraded South Jersey Industries from a c+ rating to a b- rating in a report on Tuesday, July 9th.

Shares of ODC stock opened at $33.23 on Thursday. The stock has a market cap of $252.58 million, a PE ratio of 21.86 and a beta of 1.07. Oil-Dri Co. of America has a 1-year low of $24.25 and a 1-year high of $46.43. The firm’s 50-day moving average is $30.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.76 and a quick ratio of 1.91.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Oil-Dri Co. of America’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.01%.

In other Oil-Dri Co. of America news, Director Paul Hindsley acquired 2,788 shares of the company’s stock in a transaction on Monday, June 24th. The stock was acquired at an average price of $30.29 per share, for a total transaction of $84,448.52. Following the acquisition, the director now owns 2,126 shares in the company, valued at approximately $64,396.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.04% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its holdings in Oil-Dri Co. of America by 527.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,060 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 891 shares during the period. Kessler Investment Group LLC lifted its holdings in Oil-Dri Co. of America by 69.5% in the 1st quarter. Kessler Investment Group LLC now owns 1,910 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 783 shares during the period. Bank of America Corp DE lifted its holdings in Oil-Dri Co. of America by 29.4% in the 4th quarter. Bank of America Corp DE now owns 5,724 shares of the specialty chemicals company’s stock worth $152,000 after buying an additional 1,302 shares during the period. Rhumbline Advisers purchased a new stake in Oil-Dri Co. of America in the 1st quarter worth approximately $226,000. Finally, Alambic Investment Management L.P. lifted its holdings in Oil-Dri Co. of America by 22.6% in the 1st quarter. Alambic Investment Management L.P. now owns 18,253 shares of the specialty chemicals company’s stock worth $568,000 after buying an additional 3,363 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through 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, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

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