Oil-Dri Co. of America (NYSE:ODC) Reaches New 1-Year High at $79.38

Oil-Dri Co. of America (NYSE:ODC)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $79.38 and last traded at $77.59, with a volume of 27060 shares trading hands. The stock had previously closed at $73.38.

Oil-Dri Co. of America Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 3.02. The stock has a market capitalization of $560.02 million, a price-to-earnings ratio of 12.57 and a beta of 0.67. The company has a 50 day moving average of $71.27 and a 200 day moving average of $66.15.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 earnings per share for the quarter. Oil-Dri Co. of America had a net margin of 10.14% and a return on equity of 26.98%. The firm had revenue of $105.67 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. Oil-Dri Co. of America’s dividend payout ratio (DPR) is currently 18.99%.

Hedge Funds Weigh In On Oil-Dri Co. of America

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Oil-Dri Co. of America during the 3rd quarter worth about $110,000. Allspring Global Investments Holdings LLC purchased a new position in Oil-Dri Co. of America in the third quarter valued at approximately $846,000. Arete Wealth Advisors LLC acquired a new stake in Oil-Dri Co. of America during the third quarter worth approximately $249,000. Diamond Hill Capital Management Inc. lifted its position in shares of Oil-Dri Co. of America by 46.0% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company’s stock worth $7,766,000 after buying an additional 39,618 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Oil-Dri Co. of America by 5.9% during the 3rd quarter. Barclays PLC now owns 4,957 shares of the specialty chemicals company’s stock worth $307,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Co. of America Company Profile

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.