Oil-Dri Co. of America (NYSE:ODC) Director Acquires $63,240.00 in Stock

Oil-Dri Co. of America (NYSE:ODC) Director Allan H. Selig bought 1,500 shares of the stock in a transaction dated Monday, October 16th. The stock was bought at an average price of $42.16 per share, for a total transaction of $63,240.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Oil-Dri Co. of America (ODC) traded up 0.72% during trading on Thursday, hitting $43.21. The company’s stock had a trading volume of 5,334 shares. The company has a 50-day moving average price of $44.89 and a 200-day moving average price of $40.90. The stock has a market cap of $315.26 million, a PE ratio of 29.39 and a beta of 1.12. Oil-Dri Co. of America has a one year low of $31.35 and a one year high of $50.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 16th. Oil-Dri Co. of America’s dividend payout ratio (DPR) is 62.16%.

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Separately, BidaskClub raised Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th.

Large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Oil-Dri Co. of America by 728.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,890 shares of the specialty chemicals company’s stock worth $121,000 after acquiring an additional 2,541 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Oil-Dri Co. of America during the 2nd quarter worth approximately $217,000. New York State Common Retirement Fund boosted its stake in shares of Oil-Dri Co. of America by 12.7% during the 2nd quarter. New York State Common Retirement Fund now owns 5,300 shares of the specialty chemicals company’s stock worth $223,000 after acquiring an additional 599 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Oil-Dri Co. of America by 146.1% during the 2nd quarter. Nationwide Fund Advisors now owns 7,889 shares of the specialty chemicals company’s stock worth $331,000 after acquiring an additional 4,684 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Oil-Dri Co. of America by 16.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,911 shares of the specialty chemicals company’s stock worth $417,000 after acquiring an additional 1,377 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

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