Ritholtz Wealth Management Boosts Stake in Oil-Dri Corporation Of America (NYSE:ODC)

Ritholtz Wealth Management lifted its position in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 96.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,545 shares of the specialty chemicals company’s stock after acquiring an additional 3,218 shares during the quarter. Ritholtz Wealth Management’s holdings in Oil-Dri Corporation Of America were worth $301,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ODC. Victory Capital Management Inc. boosted its stake in shares of Oil-Dri Corporation Of America by 17.8% during the 4th quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company’s stock worth $2,348,000 after acquiring an additional 4,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Oil-Dri Corporation Of America by 18.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company’s stock worth $570,000 after purchasing an additional 1,000 shares during the last quarter. Royce & Associates LP raised its position in shares of Oil-Dri Corporation Of America by 2.5% during the 4th quarter. Royce & Associates LP now owns 166,000 shares of the specialty chemicals company’s stock worth $14,548,000 after purchasing an additional 4,000 shares during the last quarter. American Century Companies Inc. raised its position in shares of Oil-Dri Corporation Of America by 11.5% during the 4th quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company’s stock worth $12,816,000 after purchasing an additional 15,041 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Oil-Dri Corporation Of America during the 4th quarter worth about $235,000. 49.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 14th.

Oil-Dri Corporation Of America Stock Up 1.4%

ODC opened at $57.11 on Friday. Oil-Dri Corporation Of America has a twelve month low of $29.47 and a twelve month high of $60.32. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $47.96 and a 200 day moving average price of $43.06. The company has a market cap of $836.09 million, a PE ratio of 16.80 and a beta of 0.62.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Oil-Dri Corporation Of America had a net margin of 10.44% and a return on equity of 21.57%. The firm had revenue of $115.50 million during the quarter.

Oil-Dri Corporation Of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, August 8th. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.16. Oil-Dri Corporation Of America’s dividend payout ratio is 18.24%.

Insider Buying and Selling

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 2,500 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $55.83, for a total value of $139,575.00. Following the completion of the sale, the director now owns 9,320 shares in the company, valued at approximately $520,335.60. This represents a 21.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.66% of the company’s stock.

Oil-Dri Corporation Of America 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.