Oil-Dri Corporation Of America (NYSE:ODC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Oil-Dri Corporation Of America (NYSE:ODC)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $58.64 and traded as high as $68.23. Oil-Dri Corporation Of America shares last traded at $67.7410, with a volume of 60,909 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ODC shares. Wall Street Zen downgraded shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Stock Up 0.3%

The firm’s fifty day moving average price is $63.70 and its 200-day moving average price is $58.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.45 and a quick ratio of 2.40. The firm has a market capitalization of $980.89 million, a P/E ratio of 18.36 and a beta of 0.79.

Oil-Dri Corporation Of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, May 8th. This represents a $0.82 annualized dividend and a dividend yield of 1.2%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is 22.22%.

Insider Activity at Oil-Dri Corporation Of America

In other news, Director Paul Hindsley sold 6,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $63.90, for a total value of $383,400.00. Following the sale, the director owned 11,000 shares of the company’s stock, valued at approximately $702,900. The trade was a 35.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in Oil-Dri Corporation Of America by 57.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 183 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth approximately $45,000. Legal & General Group Plc raised its holdings in shares of Oil-Dri Corporation Of America by 20.1% in the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 178 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Oil-Dri Corporation Of America in the 3rd quarter worth approximately $67,000. Finally, State of Alaska Department of Revenue lifted its stake in Oil-Dri Corporation Of America by 361.7% during the fourth quarter. State of Alaska Department of Revenue now owns 1,879 shares of the specialty chemicals company’s stock valued at $91,000 after purchasing an additional 1,472 shares during the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.