ProShare Advisors LLC Sells 68,749 Shares of Oil-Dri Corporation Of America $ODC

ProShare Advisors LLC lowered its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 79.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,648 shares of the specialty chemicals company’s stock after selling 68,749 shares during the period. ProShare Advisors LLC’s holdings in Oil-Dri Corporation Of America were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its stake in Oil-Dri Corporation Of America by 395.2% in the 3rd quarter. Sterling Capital Management LLC now owns 307 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 245 shares during the period. Trust Co. of Vermont bought a new stake in shares of Oil-Dri Corporation Of America during the second quarter valued at approximately $61,000. Fifth Third Bancorp bought a new stake in shares of Oil-Dri Corporation Of America during the first quarter valued at approximately $54,000. Nisa Investment Advisors LLC raised its position in shares of Oil-Dri Corporation Of America by 69.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,639 shares of the specialty chemicals company’s stock valued at $148,000 after buying an additional 672 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of Oil-Dri Corporation Of America in the second quarter worth $225,000. Institutional investors own 49.01% of the company’s stock.

Insider Activity

In other Oil-Dri Corporation Of America news, VP Christopher B. Lamson sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $80.27, for a total value of $561,890.00. Following the sale, the vice president owned 4,453 shares of the company’s stock, valued at $357,442.31. The trade was a 61.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy Ryan sold 1,100 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $78.80, for a total value of $86,680.00. Following the transaction, the director directly owned 2,800 shares in the company, valued at approximately $220,640. The trade was a 28.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.69% of the stock is currently owned by company insiders.

Oil-Dri Corporation Of America Stock Performance

NYSE ODC traded up $2.26 during trading hours on Friday, reaching $70.88. The stock had a trading volume of 74,437 shares, compared to its average volume of 142,437. The stock has a market cap of $1.03 billion, a P/E ratio of 17.72 and a beta of 0.84. Oil-Dri Corporation Of America has a 52-week low of $45.61 and a 52-week high of $107.00. The stock has a fifty day moving average of $83.17 and a 200 day moving average of $80.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.28 and a current ratio of 3.07.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings results on Thursday, October 8th. The specialty chemicals company reported $1.00 EPS for the quarter. Oil-Dri Corporation Of America had a net margin of 11.54% and a return on equity of 20.31%. The company had revenue of $129.29 million for the quarter.

Oil-Dri Corporation Of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a $0.2250 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.3%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 22.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ODC. Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Profile

Oil-Dri Corporation of America develops, manufactures and markets absorbent mineral products for consumer, industrial, agricultural and sports-related applications. Founded in 1941 and headquartered in Chicago, Illinois, the company processes clay and other mineral materials into products designed to absorb liquids, control odors, improve soil performance and support a range of commercial uses.

Its consumer products include cat litter and related pet-care products marketed under brands such as Cat’s Pride and Jonny Cat.