Oil-Dri Corporation Of America $ODC Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Oil-Dri Corporation Of America (NYSE:ODC) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782,450 shares of the specialty chemicals company’s stock after selling 6,800 shares during the quarter. Gamco Investors INC. ET AL owned about 5.40% of Oil-Dri Corporation Of America worth $50,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tudor Investment Corp ET AL raised its holdings in shares of Oil-Dri Corporation Of America by 190.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 52,935 shares of the specialty chemicals company’s stock valued at $3,231,000 after buying an additional 34,706 shares during the period. JPMorgan Chase & Co. boosted its holdings in Oil-Dri Corporation Of America by 206.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,921 shares of the specialty chemicals company’s stock worth $2,681,000 after acquiring an additional 29,583 shares during the period. Barnett & Company Inc. boosted its holdings in Oil-Dri Corporation Of America by 116.5% in the 1st quarter. Barnett & Company Inc. now owns 26,850 shares of the specialty chemicals company’s stock worth $1,748,000 after acquiring an additional 14,450 shares during the period. Needham Investment Management LLC grew its position in Oil-Dri Corporation Of America by 10.7% in the fourth quarter. Needham Investment Management LLC now owns 635,000 shares of the specialty chemicals company’s stock valued at $31,077,000 after acquiring an additional 61,500 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Oil-Dri Corporation Of America by 12.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 141,178 shares of the specialty chemicals company’s stock valued at $6,909,000 after acquiring an additional 16,124 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Trading Up 2.1%

Shares of ODC opened at $98.41 on Friday. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $107.00. The stock has a 50-day moving average price of $91.93 and a 200 day moving average price of $74.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. The company has a market capitalization of $1.43 billion, a P/E ratio of 25.30 and a beta of 0.77.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings data on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.The company had revenue of $126.33 million for the quarter. During the same quarter in the prior year, the firm earned $0.80 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, August 7th. Oil-Dri Corporation Of America’s payout ratio is presently 21.08%.

Wall Street Analysts Forecast Growth

ODC has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Oil-Dri Corporation Of America Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.