Oil-Dri Co. of America (NYSE:ODC) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Thursday.

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

Shares of NYSE ODC opened at $29.79 on Thursday. Oil-Dri Co. of America has a fifty-two week low of $28.52 and a fifty-two week high of $46.73. The company has a market cap of $211.96 million, a price-to-earnings ratio of 16.19 and a beta of 0.83. The company has a quick ratio of 1.78, a current ratio of 2.68 and a debt-to-equity ratio of 0.05.

In other Oil-Dri Co. of America news, Chairman Daniel S. Jaffee sold 8,435 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $31.67, for a total transaction of $267,136.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Allan H. Selig bought 1,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were acquired at an average cost of $30.67 per share, with a total value of $30,670.00. Following the purchase, the director now directly owns 34,100 shares of the company’s stock, valued at approximately $1,045,847. The disclosure for this purchase can be found here. Insiders have sold 15,670 shares of company stock valued at $498,230 in the last ninety days. Insiders own 13.86% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ODC. Bank of America Corp DE increased its stake in shares of Oil-Dri Co. of America by 88.7% during the second quarter. Bank of America Corp DE now owns 2,977 shares of the specialty chemicals company’s stock valued at $125,000 after purchasing an additional 1,399 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Oil-Dri Co. of America during the second quarter valued at approximately $190,000. Rhumbline Advisers bought a new position in shares of Oil-Dri Co. of America during the second quarter valued at approximately $209,000. Ramsey Quantitative Systems increased its stake in shares of Oil-Dri Co. of America by 55.2% during the second quarter. Ramsey Quantitative Systems now owns 7,610 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 2,706 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of Oil-Dri Co. of America during the second quarter valued at approximately $456,000. 53.21% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

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.

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