Oil-Dri Co. of America (NYSE:ODC - Get Free Report) Director Ellen-Blair Chube sold 3,500 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the transaction, the director now directly owns 11,820 shares in the company, valued at approximately $502,468.20. The trade was a 22.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Oil-Dri Co. of America Stock Performance
Oil-Dri Co. of America stock opened at $41.61 on Tuesday. The firm's fifty day moving average price is $44.79 and its 200-day moving average price is $33.96. Oil-Dri Co. of America has a fifty-two week low of $29.47 and a fifty-two week high of $49.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63. The stock has a market cap of $607.30 million, a P/E ratio of 13.44 and a beta of 0.55.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The company had revenue of $116.91 million 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.49%. Oil-Dri Co. of America's dividend payout ratio (DPR) is currently 19.81%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research report on Friday, April 11th.
Read Our Latest Report on ODC
Institutional Investors Weigh In On Oil-Dri Co. of America
Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 200 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Oil-Dri Co. of America by 973.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company's stock worth $189,000 after purchasing an additional 1,956 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $166,000 after buying an additional 268 shares during the period. Mariner LLC bought a new stake in Oil-Dri Co. of America during the 4th quarter valued at $222,000. Finally, Two Sigma Advisers LP purchased a new stake in Oil-Dri Co. of America during the 4th quarter valued at $228,000. Institutional investors own 49.01% of the company's stock.
About Oil-Dri Co. of America
(
Get Free Report)
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.
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