Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan Sells 2,100 Shares

Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total value of $87,738.00. Following the sale, the director now directly owns 3,900 shares of the company’s stock, valued at $162,942. This trade represents a 35.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oil-Dri Co. of America Stock Performance

ODC traded up $0.13 during midday trading on Friday, hitting $42.65. 16,784 shares of the company were exchanged, compared to its average volume of 32,966. The firm has a market capitalization of $622.70 million, a price-to-earnings ratio of 13.78 and a beta of 0.53. Oil-Dri Co. of America has a 1-year low of $29.47 and a 1-year high of $46.50. The company’s 50 day simple moving average is $30.86 and its 200 day simple moving average is $21.60. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $0.56 EPS for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Cuts Dividend

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

Hedge Funds Weigh In On Oil-Dri Co. of America

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its position in shares of Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Oil-Dri Co. of America by 12.6% in the third 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 in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Oil-Dri Co. of America in the third quarter worth approximately $216,000. Janus Henderson Group PLC raised its stake in Oil-Dri Co. of America by 30.2% in the 3rd quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock valued at $293,000 after purchasing an additional 986 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Oil-Dri Co. of America by 40.8% in the 2nd quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock valued at $306,000 after purchasing an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

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 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.