Y Intercept Hong Kong Ltd Acquires Shares of 10,594 Oil-Dri Corporation Of America $ODC

Y Intercept Hong Kong Ltd acquired a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,594 shares of the specialty chemicals company’s stock, valued at approximately $625,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Oil-Dri Corporation Of America as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MAI Capital Management lifted its position in Oil-Dri Corporation Of America by 100.0% during the first quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 300 shares in the last quarter. New York State Teachers Retirement System lifted its position in Oil-Dri Corporation Of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 441 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Oil-Dri Corporation Of America by 100.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,160 shares of the specialty chemicals company’s stock worth $53,000 after buying an additional 580 shares in the last quarter. Quantbot Technologies LP purchased a new position in Oil-Dri Corporation Of America during the first quarter worth approximately $105,000. Finally, New York State Common Retirement Fund lifted its position in Oil-Dri Corporation Of America by 100.0% during the first quarter. New York State Common Retirement Fund now owns 4,082 shares of the specialty chemicals company’s stock worth $187,000 after buying an additional 2,041 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Insiders Place Their Bets

In other news, VP Walter Wade Robey sold 4,025 shares of Oil-Dri Corporation Of America stock in a transaction on Monday, October 20th. The stock was sold at an average price of $59.18, for a total value of $238,199.50. Following the completion of the sale, the vice president directly owned 25,000 shares of the company’s stock, valued at approximately $1,479,500. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Laura G. Scheland sold 850 shares of Oil-Dri Corporation Of America stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $60.30, for a total value of $51,255.00. Following the completion of the sale, the vice president directly owned 39,900 shares of the company’s stock, valued at $2,405,970. The trade was a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 11.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ODC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, October 8th. Wall Street Zen upgraded Oil-Dri Corporation Of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

NYSE:ODC opened at $56.78 on Thursday. Oil-Dri Corporation Of America has a 52 week low of $33.46 and a 52 week high of $69.75. The company has a quick ratio of 1.82, a current ratio of 2.56 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $831.36 million, a P/E ratio of 15.32 and a beta of 0.68. The stock’s fifty day moving average is $61.30 and its two-hundred day moving average is $56.56.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 EPS for the quarter. Oil-Dri Corporation Of America had a return on equity of 22.36% and a net margin of 11.12%.The company had revenue of $125.21 million for the quarter.

Oil-Dri Corporation Of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. Oil-Dri Corporation Of America’s payout ratio is presently 19.46%.

Oil-Dri Corporation 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.