Oil-Dri Co. of America (NYSE:ODC) VP Sells $134,833.50 in Stock

Oil-Dri Co. of America (NYSE:ODC) VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the sale, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. This trade represents a 4.27 % 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 Co. of America Price Performance

ODC stock traded up $0.13 during midday trading on Friday, hitting $42.65. 16,784 shares of the stock were exchanged, compared to its average volume of 32,966. Oil-Dri Co. of America has a fifty-two week low of $29.47 and a fifty-two week high of $46.50. The stock has a market cap of $622.70 million, a price-to-earnings ratio of 13.78 and a beta of 0.53. The stock’s 50-day moving average price is $30.86 and its 200-day moving average price is $21.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.155 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.45%. Oil-Dri Co. of America’s dividend payout ratio is currently 20.03%.

Institutional Trading of Oil-Dri Co. of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of Oil-Dri Co. of America by 19.4% in the second quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock valued at $440,000 after purchasing an additional 1,115 shares during the period. ProShare Advisors LLC purchased a new stake in Oil-Dri Co. of America in the 2nd quarter valued at about $1,181,000. Marshall Wace LLP increased its stake in shares of Oil-Dri Co. of America by 50.5% during the 2nd quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company’s stock valued at $1,406,000 after acquiring an additional 7,364 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Oil-Dri Co. of America by 40.8% during the 2nd quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after acquiring an additional 1,383 shares during the period. Finally, Cardinal Capital Management grew its holdings in Oil-Dri Co. of America by 3.6% in the third quarter. Cardinal Capital Management now owns 47,889 shares of the specialty chemicals company’s stock valued at $3,304,000 after purchasing an additional 1,650 shares during the period. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

About Oil-Dri Co. of America

Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments. The Business to Business Products Group segment’s customers include processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products.