Morgan Dempsey Capital Management LLC lowered its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,213 shares of the specialty chemicals company’s stock after selling 452 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Oil-Dri Co. of America were worth $324,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in ODC. Bank of America Corp DE grew its holdings in shares of Oil-Dri Co. of America by 88.7% during the 2nd quarter. Bank of America Corp DE now owns 2,977 shares of the specialty chemicals company’s stock valued at $125,000 after purchasing an additional 1,399 shares during the last quarter. Alambic Investment Management L.P. bought a new position in shares of Oil-Dri Co. of America during the 4th quarter valued at $395,000. Pendal Group Ltd bought a new position in shares of Oil-Dri Co. of America during the 3rd quarter valued at $809,000. Cardinal Capital Management grew its holdings in shares of Oil-Dri Co. of America by 3.9% during the 4th quarter. Cardinal Capital Management now owns 34,421 shares of the specialty chemicals company’s stock valued at $912,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Oil-Dri Co. of America by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 58,723 shares of the specialty chemicals company’s stock valued at $1,556,000 after purchasing an additional 3,690 shares during the last quarter. 52.67% of the stock is currently owned by institutional investors.
Separately, ValuEngine lowered shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th.
In other news, Director Allan H. Selig purchased 1,000 shares of the business’s stock in a transaction on Monday, December 17th. The shares were acquired at an average price of $25.90 per share, with a total value of $25,900.00. Following the acquisition, the director now directly owns 38,000 shares in the company, valued at $984,200. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.04% of the stock is owned by company insiders.
Shares of Oil-Dri Co. of America stock opened at $29.09 on Thursday. The firm has a market capitalization of $223.77 million, a price-to-earnings ratio of 20.00 and a beta of 0.89. Oil-Dri Co. of America has a 12-month low of $24.25 and a 12-month high of $46.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.67 and a current ratio of 2.39.
Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings results on Friday, December 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $66.14 million for the quarter. Oil-Dri Co. of America had a net margin of 2.30% and a return on equity of 8.62%.
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, February 14th.
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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 operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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