BidaskClub cut shares of Oil-Dri Corporation Of America (NYSE:ODC) from a sell rating to a strong sell rating in a report issued on Monday.

Oil-Dri Corporation Of America (ODC) traded up 0.21% on Monday, reaching $39.07. 535 shares of the company’s stock traded hands. The firm has a market capitalization of $285.05 million, a PE ratio of 19.51 and a beta of 1.08. Oil-Dri Corporation Of America has a 52-week low of $31.35 and a 52-week high of $43.84. The firm’s 50 day moving average price is $41.48 and its 200 day moving average price is $38.08.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings results on Wednesday, June 7th. The specialty chemicals company reported $0.44 earnings per share for the quarter. The business had revenue of $64.75 million during the quarter. Oil-Dri Corporation Of America had a net margin of 5.63% and a return on equity of 12.39%.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, August 16th. Oil-Dri Corporation Of America’s payout ratio is 43.56%.

In other Oil-Dri Corporation Of America news, Director Allan H. Selig purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average cost of $43.51 per share, with a total value of $43,510.00. Following the completion of the purchase, the director now directly owns 30,500 shares in the company, valued at approximately $1,327,055. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.86% of the company’s stock.

Several large investors have recently bought and sold shares of ODC. Gamco Investors INC. ET AL increased its stake in Oil-Dri Corporation Of America by 5.2% in the second quarter. Gamco Investors INC. ET AL now owns 590,250 shares of the specialty chemicals company’s stock worth $24,796,000 after buying an additional 29,216 shares during the period. Uniplan Investment Counsel Inc. increased its stake in Oil-Dri Corporation Of America by 7.5% in the second quarter. Uniplan Investment Counsel Inc. now owns 188,281 shares of the specialty chemicals company’s stock worth $7,909,000 after buying an additional 13,190 shares during the period. State Street Corp increased its stake in shares of Oil-Dri Corporation Of America by 7.5% in the second quarter. State Street Corp now owns 99,402 shares of the specialty chemicals company’s stock valued at $4,175,000 after buying an additional 6,941 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Oil-Dri Corporation Of America during the second quarter valued at approximately $217,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Oil-Dri Corporation Of America by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 387,833 shares of the specialty chemicals company’s stock valued at $16,293,000 after buying an additional 5,072 shares during the last quarter. 54.13% of the stock is owned by institutional investors and hedge funds.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

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