Oil-Dri Co. of America (NYSE:ODC) Shares Gap Up – Still a Buy?

Oil-Dri Co. of America (NYSE:ODC)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $68.75, but opened at $75.07. Oil-Dri Co. of America shares last traded at $77.91, with a volume of 19,665 shares.

Oil-Dri Co. of America Trading Up 14.4 %

The business’s fifty day moving average price is $68.98 and its 200 day moving average price is $67.87. 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 firm has a market capitalization of $573.29 million, a PE ratio of 14.32 and a beta of 0.58.

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

Oil-Dri Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, November 8th. Oil-Dri Co. of America’s payout ratio is 22.79%.

Insider Activity

In other news, VP Laura G. Scheland sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owns 15,340 shares in the company, valued at $1,062,601.80. This trade represents a 14.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.66% of the company’s stock.

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

Several institutional investors have recently bought and sold shares of ODC. FMR LLC lifted its holdings in shares of Oil-Dri Co. of America by 81.6% during the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Oil-Dri Co. of America in the third quarter worth about $216,000. Janus Henderson Group PLC grew its stake in shares of Oil-Dri Co. of America by 30.2% in the third quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock valued at $293,000 after buying an additional 986 shares in the last quarter. Squarepoint Ops LLC lifted its position in Oil-Dri Co. of America by 40.8% during the 2nd quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Oil-Dri Co. of America by 5.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock worth $379,000 after acquiring an additional 271 shares during the period. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

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.