Corebridge Financial Inc. Boosts Stock Position in Oil-Dri Corporation Of America $ODC

Corebridge Financial Inc. grew its holdings in Oil-Dri Corporation Of America (NYSE:ODC) by 97.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,797 shares of the specialty chemicals company’s stock after buying an additional 2,363 shares during the quarter. Corebridge Financial Inc.’s holdings in Oil-Dri Corporation Of America were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Oil-Dri Corporation Of America by 119.3% in the first quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company’s stock valued at $28,112,000 after buying an additional 333,053 shares in the last quarter. Royce & Associates LP increased its position in shares of Oil-Dri Corporation Of America by 102.4% in the first quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company’s stock valued at $15,429,000 after buying an additional 170,000 shares in the last quarter. American Century Companies Inc. increased its position in shares of Oil-Dri Corporation Of America by 126.4% in the first quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company’s stock valued at $15,203,000 after buying an additional 184,844 shares in the last quarter. Needham Investment Management LLC increased its position in shares of Oil-Dri Corporation Of America by 4.7% in the fourth quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company’s stock valued at $24,539,000 after buying an additional 12,500 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Oil-Dri Corporation Of America by 42.1% in the first quarter. Diamond Hill Capital Management Inc. now owns 139,092 shares of the specialty chemicals company’s stock valued at $6,387,000 after buying an additional 41,212 shares in the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $61.75, for a total transaction of $154,375.00. Following the transaction, the vice president owned 11,453 shares in the company, valued at approximately $707,222.75. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen-Blair Chube sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $55.83, for a total value of $139,575.00. Following the transaction, the director owned 9,320 shares in the company, valued at approximately $520,335.60. The trade was a 21.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,000 shares of company stock worth $354,570. 11.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 22nd.

Oil-Dri Corporation Of America Stock Performance

Shares of NYSE:ODC opened at $65.43 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 1.85. The business’s 50 day moving average price is $59.42 and its 200-day moving average price is $51.84. The firm has a market capitalization of $957.92 million, a PE ratio of 19.24 and a beta of 0.69. Oil-Dri Corporation Of America has a 1 year low of $32.06 and a 1 year high of $65.86.

About Oil-Dri Corporation Of America

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.