Insider Buying: Oil-Dri Corporation Of America (ODC) Director Purchases $63,240.00 in Stock

Oil-Dri Corporation Of America (NYSE:ODC) Director Allan H. Selig bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were purchased at an average price of $42.16 per share, with a total value of $63,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Oil-Dri Corporation Of America (NYSE:ODC) opened at 42.76 on Friday. The firm has a market cap of $311.98 million, a PE ratio of 29.09 and a beta of 1.12. Oil-Dri Corporation Of America has a 12 month low of $31.35 and a 12 month high of $50.82. The company’s 50 day moving average is $44.74 and its 200-day moving average is $40.70.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.23 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.15%. Oil-Dri Corporation Of America’s payout ratio is presently 62.16%.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in Oil-Dri Corporation Of America by 7.5% during the second quarter. State Street Corp now owns 99,402 shares of the specialty chemicals company’s stock worth $4,175,000 after purchasing an additional 6,941 shares during the period. Dimensional Fund Advisors LP lifted its position in Oil-Dri Corporation Of America by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 387,833 shares of the specialty chemicals company’s stock worth $16,293,000 after purchasing an additional 5,072 shares during the period. Vanguard Group Inc. lifted its position in Oil-Dri Corporation Of America by 0.3% during the second quarter. Vanguard Group Inc. now owns 183,724 shares of the specialty chemicals company’s stock worth $7,718,000 after purchasing an additional 467 shares during the period. Northern Trust Corp lifted its position in Oil-Dri Corporation Of America by 3.2% during the second quarter. Northern Trust Corp now owns 70,946 shares of the specialty chemicals company’s stock worth $2,981,000 after purchasing an additional 2,230 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Oil-Dri Corporation Of America by 12.7% during the second quarter. New York State Common Retirement Fund now owns 5,300 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 599 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded shares of Oil-Dri Corporation Of America from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th.

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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