Bank of New York Mellon Corp Has $2.56 Million Holdings in Oil-Dri Corporation Of America (ODC)
Bank of New York Mellon Corp trimmed its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,011 shares of the specialty chemicals company’s stock after selling 1,012 shares during the period. Bank of New York Mellon Corp owned about 1.19% of Oil-Dri Corporation Of America worth $2,563,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ODC. Russell Investments Group Ltd. boosted its position in Oil-Dri Corporation Of America by 16.1% during the second quarter. Russell Investments Group Ltd. now owns 9,911 shares of the specialty chemicals company’s stock valued at $417,000 after buying an additional 1,377 shares during the period. Cardinal Capital Management boosted its position in Oil-Dri Corporation Of America by 15.3% during the second quarter. Cardinal Capital Management now owns 30,061 shares of the specialty chemicals company’s stock valued at $1,263,000 after buying an additional 3,994 shares during the period. Finally, Algert Global LLC purchased a new stake in Oil-Dri Corporation Of America during the second quarter valued at about $217,000. Institutional investors and hedge funds own 53.97% of the company’s stock.
Separately, BidaskClub lowered shares of Oil-Dri Corporation Of America from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
In other news, Director Allan H. Selig purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $43.51 per share, with a total value of $43,510.00. Following the purchase, the director now owns 30,500 shares in the company, valued at $1,327,055. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.86% of the stock is currently owned by insiders.
Shares of Oil-Dri Corporation Of America (NYSE:ODC) opened at 41.23 on Friday. The firm’s 50-day moving average is $44.33 and its 200 day moving average is $40.53. Oil-Dri Corporation Of America has a 52-week low of $31.35 and a 52-week high of $50.82. The stock has a market capitalization of $300.81 million, a price-to-earnings ratio of 20.58 and a beta of 1.12.
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Oil-Dri Corporation Of America Company Profile
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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