Somewhat Positive Press Coverage Somewhat Unlikely to Affect Oil-Dri Corporation Of America (ODC) Stock Price
Media headlines about Oil-Dri Corporation Of America (NYSE:ODC) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oil-Dri Corporation Of America earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the specialty chemicals company an impact score of 45.654695935931 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, BidaskClub cut Oil-Dri Corporation Of America from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
Oil-Dri Corporation Of America (NYSE ODC) opened at $45.00 on Wednesday. Oil-Dri Corporation Of America has a fifty-two week low of $31.35 and a fifty-two week high of $50.82. The company has a quick ratio of 2.26, a current ratio of 2.94 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $316.53, a price-to-earnings ratio of 29.32 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.23 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.92 annualized dividend and a dividend yield of 2.04%. Oil-Dri Corporation Of America’s payout ratio is 62.16%.
In other news, insider Daniel S. Jaffee sold 6,390 shares of Oil-Dri Corporation Of America stock in a transaction on Friday, October 13th. The stock was sold at an average price of $41.10, for a total value of $262,629.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Allan H. Selig purchased 1,500 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was acquired at an average price of $42.16 per share, for a total transaction of $63,240.00. The disclosure for this purchase can be found here. Company insiders own 13.98% of the company’s stock.
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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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