Oil-Dri Co. of America (NYSE:ODC) Director Allan H. Selig purchased 1,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was bought at an average price of $42.08 per share, for a total transaction of $42,080.00. Following the completion of the purchase, the director now directly owns 34,000 shares of the company’s stock, valued at $1,430,720. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Oil-Dri Co. of America stock traded up $1.52 during mid-day trading on Thursday, hitting $42.94. The company had a trading volume of 15,821 shares, compared to its average volume of 9,677. The firm has a market capitalization of $316.08 million, a P/E ratio of 26.82 and a beta of 0.99. Oil-Dri Co. of America has a 1 year low of $35.42 and a 1 year high of $50.82. The company has a quick ratio of 2.15, a current ratio of 2.82 and a debt-to-equity ratio of 0.05.
Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings results on Friday, June 8th. The specialty chemicals company reported $0.48 EPS for the quarter. The company had revenue of $64.85 million for the quarter. Oil-Dri Co. of America had a net margin of 2.58% and a return on equity of 9.43%.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.14%.
Oil-Dri Co. of America declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 21st that allows the company to buyback 300,000 outstanding shares. This buyback authorization allows the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Separately, TheStreet lowered shares of Oil-Dri Co. of America from a “b” rating to a “c+” rating in a research note on Tuesday, March 27th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new position in shares of Oil-Dri Co. of America during the fourth quarter worth approximately $116,000. Stone Ridge Asset Management LLC purchased a new position in shares of Oil-Dri Co. of America during the fourth quarter worth approximately $289,000. Kennedy Capital Management Inc. purchased a new position in shares of Oil-Dri Co. of America during the fourth quarter worth approximately $362,000. ZPR Investment Management grew its position in shares of Oil-Dri Co. of America by 23.6% during the first quarter. ZPR Investment Management now owns 10,278 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Oil-Dri Co. of America by 77.6% during the fourth quarter. Deutsche Bank AG now owns 12,323 shares of the specialty chemicals company’s stock worth $509,000 after acquiring an additional 5,383 shares during the last quarter. Institutional investors and hedge funds own 54.34% of the company’s stock.
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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