Oil-Dri Corporation Of America (NYSE:ODC) Director Sells $101,553.40 in Stock

Oil-Dri Corporation Of America (NYSE:ODC) Director Ellen-Blair Chube sold 1,390 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total transaction of $101,553.40. Following the sale, the director owned 8,930 shares of the company’s stock, valued at $652,425.80. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Oil-Dri Corporation Of America Price Performance

NYSE:ODC traded down $0.61 during trading hours on Wednesday, reaching $71.63. 47,307 shares of the company’s stock were exchanged, compared to its average volume of 67,950. The company has a market capitalization of $1.04 billion, a P/E ratio of 19.41 and a beta of 0.79. Oil-Dri Corporation Of America has a 12 month low of $41.37 and a 12 month high of $74.28. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $66.10 and its two-hundred day simple moving average is $59.24.

Oil-Dri Corporation Of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.82 dividend on an annualized basis and a yield of 1.1%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is currently 22.22%.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

A number of institutional investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC increased its stake in Oil-Dri Corporation Of America by 52.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,580 shares of the specialty chemicals company’s stock worth $558,000 after purchasing an additional 2,960 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new stake in Oil-Dri Corporation Of America during the 1st quarter worth about $257,000. Sterling Investment Counsel LLC acquired a new stake in Oil-Dri Corporation Of America during the 1st quarter worth about $251,000. Invesco Ltd. boosted its position in Oil-Dri Corporation Of America by 13.4% during the 4th quarter. Invesco Ltd. now owns 15,080 shares of the specialty chemicals company’s stock worth $738,000 after acquiring an additional 1,786 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Oil-Dri Corporation Of America during the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Oil-Dri Corporation Of America currently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.