Foundry Partners LLC lessened its holdings in Oil-Dri Co. of America (NYSE:ODC – Free Report) by 15.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 77,985 shares of the specialty chemicals company’s stock after selling 14,330 shares during the period. Foundry Partners LLC owned 1.07% of Oil-Dri Co. of America worth $4,816,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Diamond Hill Capital Management Inc. increased its stake in Oil-Dri Co. of America by 46.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company’s stock worth $7,766,000 after buying an additional 39,618 shares in the last quarter. Ellsworth Advisors LLC purchased a new stake in Oil-Dri Co. of America in the 3rd quarter worth $363,000. Bank of New York Mellon Corp increased its stake in Oil-Dri Co. of America by 11.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,783 shares of the specialty chemicals company’s stock worth $4,411,000 after buying an additional 7,508 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Oil-Dri Co. of America in the 3rd quarter worth $846,000. Finally, Acadian Asset Management LLC increased its stake in Oil-Dri Co. of America by 3,386.3% in the 2nd quarter. Acadian Asset Management LLC now owns 17,780 shares of the specialty chemicals company’s stock worth $1,043,000 after buying an additional 17,270 shares in the last quarter. Hedge funds and other institutional investors own 48.47% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th.
Insiders Place Their Bets
In other Oil-Dri Co. of America news, VP Aaron Christiansen sold 1,070 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $66.31, for a total value of $70,951.70. Following the completion of the sale, the vice president now owns 20,000 shares of the company’s stock, valued at $1,326,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.28% of the stock is owned by insiders.
Oil-Dri Co. of America Stock Up 6.0 %
Shares of NYSE:ODC opened at $69.72 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. Oil-Dri Co. of America has a 12 month low of $34.63 and a 12 month high of $73.50. The company has a 50-day moving average price of $66.72 and a 200 day moving average price of $63.30. The company has a market cap of $508.96 million, a price-to-earnings ratio of 14.03 and a beta of 0.64.
Oil-Dri Co. of America (NYSE:ODC – Get Free Report) last announced its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $1.50 EPS for the quarter. Oil-Dri Co. of America had a net margin of 8.23% and a return on equity of 24.45%. The firm had revenue of $111.44 million during the quarter.
Oil-Dri Co. of America Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 23rd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, February 22nd. Oil-Dri Co. of America’s payout ratio is currently 23.34%.
Oil-Dri Co. of America Profile
Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.
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