Diamond Hill Capital Management Inc. Has $6.91 Million Stock Holdings in Oil-Dri Corporation Of America $ODC

Diamond Hill Capital Management Inc. raised its stake in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 12.9% during the 4th quarter, HoldingsChannel reports. The firm owned 141,178 shares of the specialty chemicals company’s stock after purchasing an additional 16,124 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Oil-Dri Corporation Of America were worth $6,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ODC. Goldman Sachs Group Inc. grew its holdings in Oil-Dri Corporation Of America by 122.6% during the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock valued at $4,028,000 after purchasing an additional 48,309 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Oil-Dri Corporation Of America by 111.8% in the third quarter. Two Sigma Investments LP now owns 85,798 shares of the specialty chemicals company’s stock valued at $5,237,000 after acquiring an additional 45,294 shares during the period. Millennium Management LLC boosted its position in shares of Oil-Dri Corporation Of America by 75.2% in the third quarter. Millennium Management LLC now owns 99,213 shares of the specialty chemicals company’s stock valued at $6,056,000 after acquiring an additional 42,572 shares during the period. American Century Companies Inc. boosted its position in shares of Oil-Dri Corporation Of America by 9.6% in the third quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock valued at $24,486,000 after acquiring an additional 35,302 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in shares of Oil-Dri Corporation Of America by 190.4% in the third quarter. Tudor Investment Corp ET AL now owns 52,935 shares of the specialty chemicals company’s stock valued at $3,231,000 after acquiring an additional 34,706 shares during the period. Institutional investors and hedge funds own 49.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ODC. Weiss Ratings raised Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Wall Street Zen cut Oil-Dri Corporation Of America from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Insider Buying and Selling at Oil-Dri Corporation Of America

In related news, Director Paul Hindsley sold 6,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $63.90, for a total value of $383,400.00. Following the completion of the transaction, the director directly owned 11,000 shares of the company’s stock, valued at $702,900. This trade represents a 35.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen-Blair Chube sold 1,390 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total value of $101,553.40. Following the completion of the transaction, the director directly owned 8,930 shares of the company’s stock, valued at approximately $652,425.80. This trade represents a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.69% of the stock is owned by company insiders.

Oil-Dri Corporation Of America Stock Down 0.4%

Shares of ODC stock opened at $74.91 on Friday. The stock has a market cap of $1.08 billion, a P/E ratio of 20.30 and a beta of 0.82. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $79.19. The stock has a fifty day moving average price of $70.22 and a 200 day moving average price of $61.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.45 and a quick ratio of 2.40.

Oil-Dri Corporation Of America Dividend Announcement

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

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.