Barnett & Company Inc. Purchases 14,450 Shares of Oil-Dri Corporation Of America $ODC

Barnett & Company Inc. increased its position in Oil-Dri Corporation Of America (NYSE:ODC) by 116.5% in the first quarter, Holdings Channel.com reports. The fund owned 26,850 shares of the specialty chemicals company’s stock after purchasing an additional 14,450 shares during the period. Oil-Dri Corporation Of America makes up about 1.4% of Barnett & Company Inc.’s investment portfolio, making the stock its 26th largest position. Barnett & Company Inc.’s holdings in Oil-Dri Corporation Of America were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of 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 worth $30,000 after purchasing an additional 183 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Oil-Dri Corporation Of America during the second quarter valued at $45,000. Legal & General Group Plc boosted its position in shares of Oil-Dri Corporation Of America by 20.1% during the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after buying an additional 178 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of 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 buying an additional 1,472 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co bought a new stake in Oil-Dri Corporation Of America in the 3rd quarter worth about $96,000. 49.01% of the stock is owned by institutional investors.

Insider Transactions at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 1,390 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $73.06, for a total transaction of $101,553.40. Following the completion of the sale, the director directly owned 8,930 shares of the company’s stock, valued at approximately $652,425.80. This represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 21st. Weiss Ratings raised shares of Oil-Dri Corporation Of America from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Stock Up 2.3%

Oil-Dri Corporation Of America stock opened at $104.88 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of 26.96 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.28. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $106.84. The stock has a fifty day moving average of $87.39 and a 200 day moving average of $70.94.

Oil-Dri Corporation Of America (NYSE:ODC) last announced its earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $126.33 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.During the same period in the previous year, the business posted $0.80 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.9%. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, August 7th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 21.08%.

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.