Oil-Dri Co. of America (NYSE:ODC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.
Oil-Dri Co. of America Stock Performance
The company has a market capitalization of $506.87 million, a price-to-earnings ratio of 12.65 and a beta of 0.59. The company has a current ratio of 2.21, a quick ratio of 1.39 and a debt-to-equity ratio of 0.24. The stock's fifty day simple moving average is $68.71 and its 200-day simple moving average is $68.96.
Oil-Dri Co. of America's stock is set 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 earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 EPS for the quarter. The firm had revenue of $113.70 million for the quarter. Oil-Dri Co. of America had a net margin of 9.01% and a return on equity of 20.06%.
Oil-Dri Co. of America Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 8th. Oil-Dri Co. of America's dividend payout ratio (DPR) is presently 22.79%.
Insider Transactions at Oil-Dri Co. of America
In related news, VP Laura G. Scheland sold 2,500 shares of the firm's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $69.27, for a total value of $173,175.00. Following the completion of the sale, the vice president now owns 15,340 shares in the company, valued at $1,062,601.80. This trade represents a 14.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.66% of the company's stock.
Hedge Funds Weigh In On Oil-Dri Co. of America
Several hedge funds have recently added to or reduced their stakes in ODC. FMR LLC grew its holdings in shares of Oil-Dri Co. of America by 81.6% during the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Oil-Dri Co. of America by 5.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company's stock valued at $379,000 after purchasing an additional 271 shares during the period. Foundry Partners LLC grew its holdings in Oil-Dri Co. of America by 1.0% in the third quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company's stock valued at $2,555,000 after purchasing an additional 350 shares during the period. BNP Paribas Financial Markets grew its holdings in 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 valued at $182,000 after purchasing an additional 421 shares during the period. Finally, Ellsworth Advisors LLC grew its holdings in Oil-Dri Co. of America by 6.6% in the second quarter. Ellsworth Advisors LLC now owns 7,453 shares of the specialty chemicals company's stock valued at $478,000 after purchasing an additional 459 shares during the period. 49.01% of the stock is currently owned by hedge funds and other institutional investors.
Oil-Dri Co. of America Company Profile
(
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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