Oil-Dri Co. of America (NYSE:ODC - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $68.94 and traded as low as $67.84. Oil-Dri Co. of America shares last traded at $69.15, with a volume of 21,529 shares changing hands.
Oil-Dri Co. of America Trading Up 4.1 %
The firm has a market cap of $524.59 million, a PE ratio of 12.68 and a beta of 0.59. The firm has a fifty day simple moving average of $67.75 and a two-hundred day simple moving average of $68.94. The company has a current ratio of 2.21, a quick ratio of 1.39 and a debt-to-equity ratio of 0.24.
Shares of Oil-Dri Co. of America are scheduled to split before the market opens on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly issued shares will be issued to shareholders after the market closes on Thursday, November 21st.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last posted its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 20.06% and a net margin of 9.01%. The business had revenue of $113.70 million during the quarter.
Oil-Dri Co. of America Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.72%. Oil-Dri Co. of America's dividend payout ratio (DPR) is currently 22.79%.
Insiders Place Their Bets
In related news, VP Laura G. Scheland sold 2,500 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $69.27, for a total value of $173,175.00. Following the sale, the vice president now owns 15,340 shares in the company, valued at $1,062,601.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.66% of the company's stock.
Institutional Trading of Oil-Dri Co. of America
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of Oil-Dri Co. of America by 20.9% in the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company's stock worth $182,000 after buying an additional 421 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Oil-Dri Co. of America by 9.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,490 shares of the specialty chemicals company's stock valued at $633,000 after acquiring an additional 705 shares in the last quarter. Blair William & Co. IL purchased a new stake in Oil-Dri Co. of America during the 1st quarter valued at $204,000. Vanguard Group Inc. increased its holdings in shares of Oil-Dri Co. of America by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 278,096 shares of the specialty chemicals company's stock worth $20,735,000 after purchasing an additional 3,676 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Oil-Dri Co. of America by 7.7% in the first quarter. Hillsdale Investment Management Inc. now owns 68,400 shares of the specialty chemicals company's stock worth $5,100,000 after purchasing an additional 4,900 shares during the last quarter. 49.01% of the stock is currently owned by institutional investors.
About Oil-Dri Co. of America
(
Get Free Report)
Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.
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