Oil-Dri Co. of America (NYSE:ODC) Short Interest Update

Oil-Dri Co. of America (NYSE:ODC) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 80,000 shares, a decline of 16.1% from the September 30th total of 95,300 shares. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 4.6 days. Approximately 1.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Insider Transactions at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 2,500 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $69.27, for a total value of $173,175.00. Following the transaction, the vice president now owns 15,340 shares of the company’s stock, valued at approximately $1,062,601.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oil-Dri Co. of America

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Oil-Dri Co. of America by 24.3% during the second quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock worth $7,136,000 after purchasing an additional 21,740 shares during the period. Victory Capital Management Inc. grew its position in shares of Oil-Dri Co. of America by 1,617.3% during the 2nd quarter. Victory Capital Management Inc. now owns 22,685 shares of the specialty chemicals company’s stock worth $1,454,000 after buying an additional 21,364 shares during the period. ProShare Advisors LLC bought a new stake in shares of Oil-Dri Co. of America in the 2nd quarter valued at about $1,181,000. Marshall Wace LLP increased its stake in shares of Oil-Dri Co. of America by 50.5% in the 2nd quarter. Marshall Wace LLP now owns 21,933 shares of the specialty chemicals company’s stock valued at $1,406,000 after acquiring an additional 7,364 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Oil-Dri Co. of America by 7.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 68,400 shares of the specialty chemicals company’s stock valued at $5,100,000 after acquiring an additional 4,900 shares during the period. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Co. of America Trading Down 0.9 %

NYSE:ODC traded down $0.64 during trading hours on Wednesday, hitting $68.16. 7,231 shares of the stock were exchanged, compared to its average volume of 18,950. The company has a market capitalization of $496.89 million, a P/E ratio of 12.63 and a beta of 0.59. The company has a quick ratio of 1.39, a current ratio of 2.21 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $67.63 and its two-hundred day moving average is $68.97. Oil-Dri Co. of America has a twelve month low of $54.91 and a twelve month high of $87.32.

Shares of Oil-Dri Co. of America are set to split on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly created shares will be issued to shareholders after the closing bell on Thursday, November 21st.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter. The business had revenue of $113.70 million for the quarter. Oil-Dri Co. of America had a return on equity of 20.06% and a net margin of 9.01%.

Oil-Dri Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 8th. Oil-Dri Co. of America’s dividend payout ratio (DPR) is presently 22.79%.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.