Ellen-Blair Chube Sells 2,500 Shares of Oil-Dri Corporation Of America (NYSE:ODC) Stock

Oil-Dri Corporation Of America (NYSE:ODC) Director Ellen-Blair Chube sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $55.83, for a total value of $139,575.00. Following the completion of the transaction, the director now directly owns 9,320 shares of the company’s stock, valued at approximately $520,335.60. This trade represents a 21.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ellen-Blair Chube also recently made the following trade(s):

• On Monday, April 21st, Ellen-Blair Chube sold 3,500 shares of Oil-Dri Corporation Of America stock. The stock was sold at an average price of $42.51, for a total value of $148,785.00.

Oil-Dri Corporation Of America Stock Performance

Shares of ODC opened at $57.11 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. The stock has a 50-day moving average of $48.24 and a 200-day moving average of $43.51. The company has a market cap of $836.09 million, a PE ratio of 16.80 and a beta of 0.62. Oil-Dri Corporation Of America has a one year low of $29.47 and a one year high of $60.32.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The company had revenue of $115.50 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%.

Oil-Dri Corporation Of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, August 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.26%. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.16. Oil-Dri Corporation Of America’s payout ratio is 18.24%.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

A number of hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its stake in Oil-Dri Corporation Of America by 99.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company’s stock valued at $36,695,000 after purchasing an additional 398,056 shares during the last quarter. Vanguard Group Inc. boosted its stake in Oil-Dri Corporation Of America by 119.3% during the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company’s stock valued at $28,112,000 after purchasing an additional 333,053 shares during the last quarter. Needham Investment Management LLC lifted its position in shares of Oil-Dri Corporation Of America by 100.5% during the 1st quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company’s stock worth $25,784,000 after buying an additional 281,500 shares in the last quarter. Royce & Associates LP lifted its position in shares of Oil-Dri Corporation Of America by 102.4% during the 1st quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company’s stock worth $15,429,000 after buying an additional 170,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Oil-Dri Corporation Of America by 126.4% during the 1st quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company’s stock worth $15,203,000 after buying an additional 184,844 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.