Gabelli Funds LLC reduced its position in shares of Oil-Dri Co. of America (NYSE:ODC) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,700 shares of the specialty chemicals company’s stock after selling 3,400 shares during the period. Gabelli Funds LLC owned about 1.68% of Oil-Dri Co. of America worth $4,349,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ODC. Steward Partners Investment Advisory LLC acquired a new position in shares of Oil-Dri Co. of America during the second quarter worth about $27,000. US Bancorp DE raised its holdings in Oil-Dri Co. of America by 3.9% during the second quarter. US Bancorp DE now owns 8,307 shares of the specialty chemicals company’s stock worth $283,000 after acquiring an additional 314 shares in the last quarter. Rhumbline Advisers raised its holdings in Oil-Dri Co. of America by 13.0% during the third quarter. Rhumbline Advisers now owns 8,621 shares of the specialty chemicals company’s stock worth $294,000 after acquiring an additional 990 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Oil-Dri Co. of America by 6.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 12,381 shares of the specialty chemicals company’s stock worth $422,000 after acquiring an additional 794 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Oil-Dri Co. of America by 5.6% during the third quarter. California Public Employees Retirement System now owns 26,200 shares of the specialty chemicals company’s stock worth $892,000 after acquiring an additional 1,400 shares in the last quarter. 51.07% of the stock is owned by institutional investors.
In related news, Director Allan H. Selig bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average price of $33.82 per share, for a total transaction of $33,820.00. Following the completion of the acquisition, the director now owns 39,000 shares of the company’s stock, valued at approximately $1,318,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.52% of the company’s stock.
ODC opened at $37.22 on Friday. Oil-Dri Co. of America has a 52-week low of $24.25 and a 52-week high of $38.79. The firm has a market capitalization of $286.17 million, a PE ratio of 22.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.74. The business’s 50-day simple moving average is $33.98 and its 200 day simple moving average is $32.50.
Oil-Dri Co. of America (NYSE:ODC) last released its earnings results on Thursday, October 10th. The specialty chemicals company reported $0.50 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 9.38% and a net margin of 4.55%. The business had revenue of $70.12 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 2.69%.
About Oil-Dri Co. of America
Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through 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, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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