Daniel S. Jaffee Sells 6,390 Shares of Oil-Dri Corporation Of America (ODC) Stock

Oil-Dri Corporation Of America (NYSE:ODC) insider Daniel S. Jaffee sold 6,390 shares of Oil-Dri Corporation Of America stock in a transaction on Friday, October 13th. The shares were sold at an average price of $41.10, for a total value of $262,629.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Oil-Dri Corporation Of America (ODC) opened at 43.21 on Friday. The firm’s 50-day moving average price is $44.89 and its 200 day moving average price is $40.90. Oil-Dri Corporation Of America has a 52 week low of $31.35 and a 52 week high of $50.82. The company has a market cap of $315.26 million, a P/E ratio of 29.39 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, November 16th. Oil-Dri Corporation Of America’s payout ratio is currently 62.16%.

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Separately, BidaskClub raised Oil-Dri Corporation Of America from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th.

Several institutional investors and hedge funds have recently made changes to their positions in ODC. Russell Investments Group Ltd. boosted its holdings in shares of Oil-Dri Corporation Of America by 16.1% in 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. Cardinal Capital Management boosted its holdings in shares of Oil-Dri Corporation Of America by 15.3% in the 2nd quarter. Cardinal Capital Management now owns 30,061 shares of the specialty chemicals company’s stock worth $1,263,000 after acquiring an additional 3,994 shares in the last quarter. Algert Global LLC acquired a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth approximately $217,000. Gamco Investors INC. ET AL boosted its holdings in shares of Oil-Dri Corporation Of America by 5.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 590,250 shares of the specialty chemicals company’s stock worth $24,796,000 after acquiring an additional 29,216 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its holdings in shares of Oil-Dri Corporation Of America by 7.5% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 188,281 shares of the specialty chemicals company’s stock worth $7,909,000 after acquiring an additional 13,190 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

About Oil-Dri Corporation Of America

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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