Oil-Dri Corporation Of America (NYSE:ODC) Director Ellen-Blair Chube Sells 1,390 Shares

Oil-Dri Corporation Of America (NYSE:ODC) Director Ellen-Blair Chube sold 1,390 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the transaction, the director owned 8,930 shares in the company, valued at $652,425.80. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oil-Dri Corporation Of America Stock Down 0.8%

NYSE:ODC opened at $71.63 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $66.21 and its two-hundred day moving average is $59.32. Oil-Dri Corporation Of America has a 52 week low of $41.37 and a 52 week high of $74.28. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.41 and a beta of 0.79.

Oil-Dri Corporation Of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be issued a $0.205 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. Oil-Dri Corporation Of America’s payout ratio is 22.22%.

Institutional Trading of Oil-Dri Corporation Of America

Several hedge funds have recently modified their holdings of ODC. Russell Investments Group Ltd. raised its stake in shares of Oil-Dri Corporation Of America by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 183 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Oil-Dri Corporation Of America in the second quarter valued at $45,000. Legal & General Group Plc raised its stake in shares of Oil-Dri Corporation Of America by 20.1% in the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after acquiring an additional 178 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Oil-Dri Corporation Of America in the third quarter worth approximately $67,000. Finally, State of Alaska Department of Revenue lifted its stake in Oil-Dri Corporation Of America by 361.7% in the fourth quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company’s stock worth $91,000 after acquiring an additional 1,472 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Company 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.