George C. Roeth Sells 1,500 Shares of Oil-Dri Co. of America (NYSE:ODC) Stock

Oil-Dri Co. of America (NYSE:ODCGet Free Report) Director George C. Roeth sold 1,500 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $65.00, for a total value of $97,500.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $260,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Oil-Dri Co. of America Trading Down 0.1 %

NYSE ODC opened at $65.48 on Thursday. The company’s fifty day simple moving average is $75.23 and its 200-day simple moving average is $70.87. The stock has a market cap of $477.35 million, a P/E ratio of 11.02 and a beta of 0.69. Oil-Dri Co. of America has a 52 week low of $52.64 and a 52 week high of $87.32. The company has a current ratio of 3.06, a quick ratio of 2.18 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Oil-Dri Co. of America’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, August 9th. Oil-Dri Co. of America’s payout ratio is presently 19.53%.

Hedge Funds Weigh In On Oil-Dri Co. of America

Several hedge funds and other institutional investors have recently made changes to their positions in ODC. AJOVista LLC bought a new stake in Oil-Dri Co. of America during the 4th quarter valued at $60,000. Tower Research Capital LLC TRC lifted its holdings in Oil-Dri Co. of America by 127.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 699 shares during the period. SG Americas Securities LLC increased its stake in Oil-Dri Co. of America by 27.9% during the 4th quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 498 shares during the period. Strs Ohio lifted its stake in shares of Oil-Dri Co. of America by 91.7% in the 4th quarter. Strs Ohio now owns 2,300 shares of the specialty chemicals company’s stock worth $154,000 after acquiring an additional 1,100 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Oil-Dri Co. of America by 20.9% in the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 421 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, June 7th.

Get Our Latest Stock Report on ODC

About Oil-Dri Co. of America

(Get Free Report)

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.

Featured Stories

Receive News & Ratings for Oil-Dri Co. of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil-Dri Co. of America and related companies with MarketBeat.com's FREE daily email newsletter.