Teton Advisors Inc. Trims Holdings in Oil-Dri Co. of America (NYSE:ODC)

Teton Advisors Inc. decreased its stake in shares of Oil-Dri Co. of America (NYSE:ODC) by 14.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,700 shares of the specialty chemicals company’s stock after selling 1,500 shares during the period. Teton Advisors Inc.’s holdings in Oil-Dri Co. of America were worth $762,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. JPMorgan Chase & Co. lifted its stake in Oil-Dri Co. of America by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after purchasing an additional 268 shares in the last quarter. Franklin Resources Inc. bought a new position in Oil-Dri Co. of America in the 3rd quarter valued at $216,000. Mariner LLC purchased a new stake in shares of Oil-Dri Co. of America in the fourth quarter worth $222,000. Finally, LPL Financial LLC purchased a new position in Oil-Dri Co. of America during the fourth quarter worth about $235,000. Institutional investors own 49.01% of the company’s stock.

Insider Buying and Selling at Oil-Dri Co. of America

In related news, VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the transaction, the vice president now owns 70,796 shares of the company’s stock, valued at $3,026,529. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the transaction, the director now owns 3,900 shares in the company, valued at approximately $162,942. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by corporate insiders.

Oil-Dri Co. of America Stock Down 0.3 %

ODC opened at $43.18 on Tuesday. The company has a market cap of $630.21 million, a P/E ratio of 13.95 and a beta of 0.55. Oil-Dri Co. of America has a 12 month low of $29.47 and a 12 month high of $49.72. The business’s 50-day moving average price is $44.79 and its 200-day moving average price is $33.05. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The firm had revenue of $116.91 million for the quarter.

Oil-Dri Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.62 dividend on an annualized basis and a yield of 1.44%. Oil-Dri Co. of America’s dividend payout ratio is presently 19.81%.

Analyst Upgrades and Downgrades

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

Oil-Dri Co. 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.