Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan Sells 2,100 Shares

Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total value of $87,738.00. Following the sale, the director now directly owns 3,900 shares in the company, valued at $162,942. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Oil-Dri Co. of America Price Performance

Shares of Oil-Dri Co. of America stock opened at $42.65 on Friday. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $46.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63. The firm has a market cap of $622.70 million, a P/E ratio of 13.78 and a beta of 0.53. The firm’s 50-day simple moving average is $30.86 and its 200-day simple moving average is $21.65.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio (DPR) is 20.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On Oil-Dri Co. of America

A number of hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC grew its stake in Oil-Dri Co. of America by 10.8% during the third quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company’s stock worth $18,455,000 after buying an additional 26,000 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of Oil-Dri Co. of America in the 2nd quarter worth approximately $1,181,000. Moran Wealth Management LLC bought a new stake in Oil-Dri Co. of America during the 3rd quarter worth approximately $606,000. Marshall Wace LLP increased its holdings in Oil-Dri Co. of America by 50.5% during the 2nd quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company’s stock valued at $1,406,000 after purchasing an additional 7,364 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in Oil-Dri Co. of America in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments. The Business to Business Products Group segment’s customers include processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products.