Tudor Investment Corp ET AL Acquires 34,706 Shares of Oil-Dri Corporation Of America $ODC

Tudor Investment Corp ET AL grew its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 190.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,935 shares of the specialty chemicals company’s stock after purchasing an additional 34,706 shares during the quarter. Tudor Investment Corp ET AL owned about 0.36% of Oil-Dri Corporation Of America worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ODC. Russell Investments Group Ltd. increased its position in Oil-Dri Corporation Of America by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 183 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Oil-Dri Corporation Of America in the second quarter worth about $45,000. Ameritas Investment Partners Inc. boosted its stake in shares of Oil-Dri Corporation Of America by 25.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,013 shares of the specialty chemicals company’s stock worth $60,000 after acquiring an additional 203 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Oil-Dri Corporation Of America by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock valued at $63,000 after acquiring an additional 178 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Oil-Dri Corporation Of America in the 3rd quarter valued at approximately $67,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Insider Buying and Selling at Oil-Dri Corporation Of America

In related news, Director Paul Hindsley sold 6,000 shares of Oil-Dri Corporation Of America stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $63.90, for a total transaction of $383,400.00. Following the sale, the director directly owned 11,000 shares of the company’s stock, valued at $702,900. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.69% of the company’s stock.

Wall Street Analyst Weigh In

ODC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Monday, December 22nd. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 13th. 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 Down 1.0%

ODC opened at $62.81 on Friday. The business has a 50 day moving average of $62.67 and a 200-day moving average of $58.65. The stock has a market capitalization of $909.45 million, a price-to-earnings ratio of 17.02 and a beta of 0.77. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. Oil-Dri Corporation Of America has a 1-year low of $41.37 and a 1-year high of $70.01.

Oil-Dri Corporation Of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.3%. Oil-Dri Corporation Of America’s dividend payout ratio is currently 22.22%.

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.