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

Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan sold 2,100 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the sale, the director now directly owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Oil-Dri Co. of America Trading Up 0.3 %

Shares of NYSE ODC traded up $0.13 during midday trading on Friday, hitting $42.65. The company’s stock had a trading volume of 16,784 shares, compared to its average volume of 32,966. The business’s 50 day moving average is $30.86 and its two-hundred day moving average is $21.60. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $46.50. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $622.70 million, a P/E ratio of 13.78 and a beta of 0.53.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results 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 declared 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. The ex-dividend date is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.45%. Oil-Dri Co. of America’s dividend payout ratio is currently 20.03%.

Institutional Trading of Oil-Dri Co. of America

A number of hedge funds have recently added to or reduced their stakes in ODC. FMR LLC grew its stake in 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 last quarter. JPMorgan Chase & Co. grew its position in shares of Oil-Dri Co. of America by 12.6% in the 3rd 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Oil-Dri Co. of America by 5.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock worth $379,000 after acquiring an additional 271 shares in the last quarter. Foundry Partners LLC lifted its position in Oil-Dri Co. of America by 1.0% during the third quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company’s stock valued at $2,555,000 after acquiring an additional 350 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Oil-Dri Co. of America by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company’s stock valued at $966,000 after acquiring an additional 469 shares in the last quarter. 49.01% of the stock is owned by hedge funds and other institutional investors.

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.

Oil-Dri Co. of America Company Profile

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.