New York State Common Retirement Fund raised its position in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 12.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,300 shares of the specialty chemicals company’s stock after acquiring an additional 599 shares during the period. New York State Common Retirement Fund owned approximately 0.10% of Oil-Dri Corporation Of America worth $223,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Oil-Dri Corporation Of America by 728.1% in the second quarter. Acrospire Investment Management LLC now owns 2,890 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 2,541 shares during the period. Algert Global LLC bought a new stake in shares of Oil-Dri Corporation Of America in the second quarter valued at approximately $217,000. Nationwide Fund Advisors boosted its stake in shares of Oil-Dri Corporation Of America by 146.1% in the second quarter. Nationwide Fund Advisors now owns 7,889 shares of the specialty chemicals company’s stock valued at $331,000 after buying an additional 4,684 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Oil-Dri Corporation Of America by 16.1% in the second quarter. Russell Investments Group Ltd. now owns 9,911 shares of the specialty chemicals company’s stock valued at $417,000 after buying an additional 1,377 shares during the period. Finally, Cardinal Capital Management boosted its stake in shares of Oil-Dri Corporation Of America by 15.3% in the second quarter. Cardinal Capital Management now owns 30,061 shares of the specialty chemicals company’s stock valued at $1,263,000 after buying an additional 3,994 shares during the period. Institutional investors own 54.03% of the company’s stock.

Separately, BidaskClub cut Oil-Dri Corporation Of America from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.

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In other news, Director Allan H. Selig acquired 1,500 shares of the stock in a transaction on Monday, October 16th. The stock was acquired at an average cost of $42.16 per share, for a total transaction of $63,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel S. Jaffee sold 6,390 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $41.10, for a total transaction of $262,629.00. The disclosure for this sale can be found here. Insiders own 13.86% of the company’s stock.

Shares of Oil-Dri Corporation Of America (NYSE ODC) opened at $44.49 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.94 and a quick ratio of 2.26. The stock has a market capitalization of $325.36, a P/E ratio of 30.14 and a beta of 1.07. Oil-Dri Corporation Of America has a 12 month low of $31.35 and a 12 month high of $50.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, November 16th. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is currently 62.16%.

Oil-Dri Corporation Of America Profile

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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Institutional Ownership by Quarter for Oil-Dri Corporation Of America (NYSE:ODC)

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