ProShare Advisors LLC Buys Shares of 18,420 Oil-Dri Co. of America (NYSE:ODC)

ProShare Advisors LLC purchased a new stake in Oil-Dri Co. of America (NYSE:ODC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,420 shares of the specialty chemicals company's stock, valued at approximately $1,181,000. ProShare Advisors LLC owned approximately 0.25% of Oil-Dri Co. of America as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ODC. American Century Companies Inc. boosted its position in Oil-Dri Co. of America by 24.3% during the second quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company's stock worth $7,136,000 after purchasing an additional 21,740 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Oil-Dri Co. of America by 1,617.3% in the 2nd quarter. Victory Capital Management Inc. now owns 22,685 shares of the specialty chemicals company's stock worth $1,454,000 after buying an additional 21,364 shares in the last quarter. Janney Montgomery Scott LLC grew its stake 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 during the last quarter. Vanguard Group Inc. increased its holdings in Oil-Dri Co. of America by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 278,096 shares of the specialty chemicals company's stock valued at $20,735,000 after acquiring an additional 3,676 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Oil-Dri Co. of America during the first quarter worth about $245,000. Institutional investors and hedge funds own 49.01% of the company's stock.

Oil-Dri Co. of America Trading Up 0.1 %

ODC stock traded up $0.08 on Friday, hitting $68.41. 6,063 shares of the company were exchanged, compared to its average volume of 19,454. Oil-Dri Co. of America has a twelve month low of $54.80 and a twelve month high of $87.32. The business's fifty day moving average is $65.98 and its two-hundred day moving average is $69.58. The stock has a market capitalization of $498.44 million, a price-to-earnings ratio of 11.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.06 and a quick ratio of 2.18.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research report on Tuesday, July 2nd.

About Oil-Dri Co. of America

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.