BidaskClub downgraded shares of Oil-Dri Corporation Of America (NYSE:ODC) from a hold rating to a sell rating in a research note released on Thursday morning.

Oil-Dri Corporation Of America (NYSE ODC) traded down 0.47% during trading on Thursday, hitting $40.36. The stock had a trading volume of 4,220 shares. The stock’s 50-day moving average is $41.51 and its 200 day moving average is $37.71. The firm has a market cap of $294.47 million, a price-to-earnings ratio of 20.15 and a beta of 1.08. Oil-Dri Corporation Of America has a one year low of $31.35 and a one year high of $43.84.

Oil-Dri Corporation Of America (NYSE:ODC) last announced its quarterly earnings data on Wednesday, June 7th. The specialty chemicals company reported $0.44 EPS for the quarter. The business had revenue of $64.75 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 12.39% and a net margin of 5.63%.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.28%. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.22. Oil-Dri Corporation Of America’s payout ratio is currently 43.56%.

In other Oil-Dri Corporation Of America news, Director Allan H. Selig acquired 1,000 shares of the stock in a transaction dated Friday, July 21st. The stock was acquired at an average price of $43.51 per share, with a total value of $43,510.00. Following the completion of the transaction, the director now directly owns 30,500 shares in the company, valued at $1,327,055. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.86% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of ODC. Algert Global LLC purchased a new stake in Oil-Dri Corporation Of America during the second quarter worth about $217,000. Russell Investments Group Ltd. increased its stake in Oil-Dri Corporation Of America by 16.1% in the second quarter. Russell Investments Group Ltd. now owns 9,911 shares of the specialty chemicals company’s stock worth $417,000 after buying an additional 1,377 shares during the period. Cardinal Capital Management increased its stake in Oil-Dri Corporation Of America by 15.3% in the second quarter. Cardinal Capital Management now owns 30,061 shares of the specialty chemicals company’s stock worth $1,263,000 after buying an additional 3,994 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Oil-Dri Corporation Of America by 5.2% in the second quarter. Gamco Investors INC. ET AL now owns 590,250 shares of the specialty chemicals company’s stock worth $24,796,000 after buying an additional 29,216 shares during the period. 53.64% of the stock is owned by hedge funds and other institutional investors.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

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