Teton Advisors LLC Invests $842,000 in Oil-Dri Corporation Of America $ODC

Teton Advisors LLC acquired a new stake in Oil-Dri Corporation Of America (NYSE:ODC) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 13,800 shares of the specialty chemicals company’s stock, valued at approximately $842,000.

A number of other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in Oil-Dri Corporation Of America by 9.6% in the third quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock valued at $24,486,000 after buying an additional 35,302 shares during the period. Quantbot Technologies LP increased its position in shares of Oil-Dri Corporation Of America by 16.4% in the third quarter. Quantbot Technologies LP now owns 4,236 shares of the specialty chemicals company’s stock worth $259,000 after acquiring an additional 596 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Oil-Dri Corporation Of America in the third quarter worth $309,000. Vanguard Group Inc. raised its stake in shares of Oil-Dri Corporation Of America by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 641,978 shares of the specialty chemicals company’s stock valued at $39,186,000 after acquiring an additional 8,951 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Oil-Dri Corporation Of America by 206.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,921 shares of the specialty chemicals company’s stock valued at $2,681,000 after acquiring an additional 29,583 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Analyst Ratings Changes

ODC has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Monday, December 22nd. Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Trading Down 4.0%

Shares of ODC opened at $63.33 on Friday. Oil-Dri Corporation Of America has a one year low of $41.37 and a one year high of $70.01. The stock has a 50-day moving average price of $59.19 and a 200 day moving average price of $58.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.23 and a current ratio of 3.34. The company has a market capitalization of $923.35 million, a P/E ratio of 17.40 and a beta of 0.77.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings data on Monday, December 8th. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter. The company had revenue of $120.49 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.06% and a net margin of 11.10%.During the same quarter in the prior year, the firm earned $2.25 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were issued a $0.205 dividend. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.18. This represents a $0.82 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 20th. Oil-Dri Corporation Of America’s dividend payout ratio is currently 22.53%.

Oil-Dri Corporation Of America 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.