Oil-Dri Co. of America (NYSE:ODC - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.96 and traded as high as $69.31. Oil-Dri Co. of America shares last traded at $68.82, with a volume of 10,140 shares changing hands.
Oil-Dri Co. of America Price Performance
The firm has a market capitalization of $501.70 million, a price-to-earnings ratio of 12.65 and a beta of 0.59. The company's 50 day moving average is $68.64 and its 200 day moving average is $68.96. The company has a quick ratio of 1.39, a current ratio of 2.21 and a debt-to-equity ratio of 0.24.
Oil-Dri Co. of America's stock is scheduled to split on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, November 21st.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter. The company had revenue of $113.70 million for the quarter. Oil-Dri Co. of America had a return on equity of 20.06% and a net margin of 9.01%.
Oil-Dri Co. of America Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, November 8th. Oil-Dri Co. of America's dividend payout ratio is currently 22.79%.
Insider Transactions at Oil-Dri Co. of America
In other news, VP Laura G. Scheland sold 2,500 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $69.27, for a total transaction of $173,175.00. Following the completion of the transaction, the vice president now owns 15,340 shares of the company's stock, valued at approximately $1,062,601.80. The trade was a 14.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.66% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ODC. ProShare Advisors LLC acquired a new stake in shares of Oil-Dri Co. of America in the 2nd quarter valued at approximately $1,181,000. American Century Companies Inc. boosted its position in Oil-Dri Co. of America by 24.3% in the second quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company's stock valued at $7,136,000 after buying an additional 21,740 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Oil-Dri Co. of America by 1,617.3% during the second 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 during the last quarter. Vanguard Group Inc. increased its holdings in shares of Oil-Dri Co. of America by 1.3% during the first quarter. Vanguard Group Inc. now owns 278,096 shares of the specialty chemicals company's stock worth $20,735,000 after buying an additional 3,676 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Oil-Dri Co. of America in the 1st quarter valued at $245,000. Institutional investors own 49.01% of the company's stock.
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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