Oil-Dri Co. of America (NYSE:ODC) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.99 and traded as high as $44.50. Oil-Dri Co. of America shares last traded at $43.60, with a volume of 19,164 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a research report on Friday.

Oil-Dri Co. of America Stock Down 0.3 %

The stock has a market cap of $653.94 million, a P/E ratio of 14.48 and a beta of 0.52. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $42.94 and a 200-day simple moving average of $26.85.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last announced its earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

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Oil-Dri Co. of America Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.155 per share. The ex-dividend date is Friday, February 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.38%. Oil-Dri Co. of America's payout ratio is currently 20.00%.

Insiders Place Their Bets

In other news, Director Amy Ryan sold 2,100 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the transaction, the director now directly owns 3,900 shares in the company, valued at $162,942. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher B. Lamson sold 3,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the transaction, the vice president now owns 70,796 shares of the company's stock, valued at approximately $3,026,529. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.66% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. FMR LLC raised its stake in shares of Oil-Dri Co. of America by 81.6% in the third quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Oil-Dri Co. of America by 973.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company's stock valued at $189,000 after purchasing an additional 1,956 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Oil-Dri Co. of America by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company's stock valued at $166,000 after purchasing an additional 268 shares in the last quarter. Mariner LLC acquired a new position in shares of Oil-Dri Co. of America in the fourth quarter valued at $222,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Oil-Dri Co. of America in the fourth quarter valued at $228,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.