Ellen-Blair Chube Sells 3,500 Shares of Oil-Dri Co. of America (NYSE:ODC) Stock

Oil-Dri Co. of America (NYSE:ODC) Director Ellen-Blair Chube sold 3,500 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.51, for a total value of $148,785.00. Following the transaction, the director now owns 11,820 shares of the company’s stock, valued at approximately $502,468.20. This trade represents a 22.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Oil-Dri Co. of America Stock Down 4.1 %

Shares of NYSE ODC traded down $1.78 during trading hours on Monday, hitting $41.61. The company had a trading volume of 46,832 shares, compared to its average volume of 42,083. Oil-Dri Co. of America has a 1-year low of $29.47 and a 1-year high of $49.72. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $607.30 million, a P/E ratio of 13.44 and a beta of 0.55. The firm’s 50 day moving average is $44.82 and its 200-day moving average is $33.78.

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

Oil-Dri Co. of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America’s payout ratio is 19.81%.

Institutional Trading of Oil-Dri Co. of America

Several hedge funds have recently added to or reduced their stakes in ODC. Victory Capital Management Inc. boosted its position in shares of Oil-Dri Co. of America by 17.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company’s stock valued at $2,348,000 after acquiring an additional 4,050 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Oil-Dri Co. of America by 18.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company’s stock worth $570,000 after purchasing an additional 1,000 shares during the period. American Century Companies Inc. raised its position in shares of Oil-Dri Co. of America by 11.5% in the fourth quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company’s stock valued at $12,816,000 after buying an additional 15,041 shares in the last quarter. Blair William & Co. IL bought a new position in Oil-Dri Co. of America during the 4th quarter worth $240,000. Finally, Forum Financial Management LP bought a new stake in shares of Oil-Dri Co. of America during the 4th quarter valued at $571,000. 49.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, April 11th.

Oil-Dri Co. of America Company 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.