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

Oil-Dri Co. of America (NYSE:ODC) Director Amy Ryan sold 2,100 shares of the firm’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 transaction, the director now directly owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Oil-Dri Co. of America Stock Performance

Shares of Oil-Dri Co. of America stock opened at $42.65 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The company has a market cap of $622.70 million, a PE ratio of 13.78 and a beta of 0.53. The company has a 50 day moving average of $30.86 and a 200-day moving average of $21.70. Oil-Dri Co. of America has a 1-year low of $29.47 and a 1-year high of $46.50.

Oil-Dri Co. of America (NYSE:ODC) last released its earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio (DPR) is 20.03%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Oil-Dri Co. of America

Several hedge funds and other institutional investors have recently made changes to their positions in ODC. FMR LLC raised its stake in shares of Oil-Dri Co. of America by 81.6% during 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 last quarter. JPMorgan Chase & Co. increased its holdings in Oil-Dri Co. of America by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after purchasing an additional 268 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Oil-Dri Co. of America by 5.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock worth $379,000 after purchasing an additional 271 shares during the last quarter. Foundry Partners LLC lifted its holdings in Oil-Dri Co. of America by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company’s stock worth $2,555,000 after buying an additional 350 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Oil-Dri Co. of America by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company’s stock valued at $966,000 after buying an additional 469 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors.

Oil-Dri Co. of America Company Profile

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.