Oil-Dri Co. Of America (NYSE:ODC) Director Allan H. Selig acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average price of $37.10 per share, for a total transaction of $37,100.00. Following the purchase, the director now directly owns 33,000 shares of the company’s stock, valued at $1,224,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of ODC opened at $39.76 on Friday. The firm has a market cap of $299.24, a PE ratio of 26.04 and a beta of 0.98. Oil-Dri Co. Of America has a 1 year low of $33.61 and a 1 year high of $50.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.82 and a quick ratio of 2.15.
Oil-Dri Co. Of America (NYSE:ODC) last posted its quarterly earnings data on Friday, March 9th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $68.89 million for the quarter. Oil-Dri Co. Of America had a return on equity of 9.20% and a net margin of 2.44%.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 18th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.92 annualized dividend and a dividend yield of 2.31%.
Oil-Dri Co. Of America announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 21st that permits the company to repurchase 300,000 shares. This repurchase authorization permits the specialty chemicals company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Separately, TheStreet downgraded shares of Oil-Dri Co. Of America from a “b” rating to a “c+” rating in a report on Tuesday, March 27th.
Several hedge funds and other institutional investors have recently made changes to their positions in ODC. New York State Common Retirement Fund grew its stake in shares of Oil-Dri Co. Of America by 12.7% in the 2nd quarter. New York State Common Retirement Fund now owns 5,300 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 599 shares in the last quarter. Northern Trust Corp boosted its position in Oil-Dri Co. Of America by 3.2% during the second quarter. Northern Trust Corp now owns 70,946 shares of the specialty chemicals company’s stock worth $2,981,000 after purchasing an additional 2,230 shares during the period. Vanguard Group Inc. boosted its position in Oil-Dri Co. Of America by 0.3% during the second quarter. Vanguard Group Inc. now owns 183,724 shares of the specialty chemicals company’s stock worth $7,718,000 after purchasing an additional 467 shares during the period. State Street Corp boosted its position in Oil-Dri Co. Of America by 7.5% during the second quarter. State Street Corp now owns 99,402 shares of the specialty chemicals company’s stock worth $4,175,000 after purchasing an additional 6,941 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Oil-Dri Co. Of America by 103.9% during the third quarter. Nationwide Fund Advisors now owns 16,089 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 8,200 shares during the period. 53.96% of the stock is owned by institutional investors and hedge funds.
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About Oil-Dri Co. Of America
Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It provides agricultural and horticultural products, including functional granules and powders for crop protection chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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