Oil-Dri Co. of America (NYSE:ODC)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $29.50 and last traded at $30.00, with a volume of 4 shares changing hands. The stock had previously closed at $30.00.

Separately, ValuEngine lowered shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th.

The firm has a market cap of $282.03 million, a PE ratio of 23.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 2.44.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.31%.

In other news, Director Allan H. Selig acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The stock was bought at an average cost of $30.67 per share, for a total transaction of $30,670.00. Following the acquisition, the director now directly owns 34,100 shares in the company, valued at $1,045,847. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel S. Jaffee sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $31.95, for a total transaction of $230,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,670 shares of company stock valued at $498,230. 13.98% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Oil-Dri Co. of America by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 395,975 shares of the specialty chemicals company’s stock worth $15,914,000 after acquiring an additional 3,481 shares during the last quarter. Bessemer Group Inc. bought a new stake in Oil-Dri Co. of America in the 2nd quarter worth approximately $190,000. Ramsey Quantitative Systems grew its position in Oil-Dri Co. of America by 55.2% in the 2nd quarter. Ramsey Quantitative Systems now owns 7,610 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 2,706 shares during the period. Burney Co. grew its position in Oil-Dri Co. of America by 7.8% in the 2nd quarter. Burney Co. now owns 20,876 shares of the specialty chemicals company’s stock worth $880,000 after purchasing an additional 1,511 shares during the period. Finally, Rhumbline Advisers bought a new stake in Oil-Dri Co. of America in the 2nd quarter worth approximately $209,000. Institutional investors own 53.21% of the company’s stock.

Oil-Dri Co. of America Company Profile (NYSE:ODC)

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

See Also: Return on Equity (ROE)

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