Arkfeld Wealth Strategies L.L.C. Acquires New Position in Oil-Dri Corporation Of America $ODC

Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,668 shares of the specialty chemicals company’s stock, valued at approximately $220,000.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Oil-Dri Corporation Of America by 87.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company’s stock valued at $775,000 after buying an additional 7,863 shares in the last quarter. Rhumbline Advisers grew its stake in Oil-Dri Corporation Of America by 97.6% in the 1st quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company’s stock valued at $667,000 after buying an additional 7,172 shares in the last quarter. Informed Momentum Co LLC bought a new stake in Oil-Dri Corporation Of America during the 1st quarter valued at $915,000. New York State Teachers Retirement System lifted its position in shares of Oil-Dri Corporation Of America by 98.0% during the first quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 441 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Oil-Dri Corporation Of America by 103.3% during the first quarter. Bank of New York Mellon Corp now owns 97,052 shares of the specialty chemicals company’s stock worth $4,457,000 after acquiring an additional 49,312 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Stock Performance

Oil-Dri Corporation Of America stock opened at $68.99 on Friday. Oil-Dri Corporation Of America has a 1-year low of $32.15 and a 1-year high of $69.75. The company has a current ratio of 2.83, a quick ratio of 1.85 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.01 billion, a PE ratio of 20.29 and a beta of 0.69. The firm’s 50 day simple moving average is $60.63 and its 200 day simple moving average is $53.00.

Analyst Ratings Changes

Separately, Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 22nd.

Insiders Place Their Bets

In related news, VP Christopher B. Lamson sold 2,500 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $61.75, for a total value of $154,375.00. Following the sale, the vice president owned 11,453 shares in the company, valued at approximately $707,222.75. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy Ryan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $60.62, for a total value of $60,620.00. Following the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $175,798. The trade was a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.66% of the company’s stock.

Oil-Dri Corporation Of America Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.