Oil-Dri Co. of America (NYSE:ODC) Shares Pass Above 200-Day Moving Average – What’s Next?

Oil-Dri Co. of America (NYSE:ODC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.34 and traded as high as $48.00. Oil-Dri Co. of America shares last traded at $47.47, with a volume of 58,218 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Oil-Dri Co. of America Stock Performance

The stock has a 50-day simple moving average of $43.10 and a 200-day simple moving average of $27.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The stock has a market cap of $692.75 million, a PE ratio of 15.34 and a beta of 0.52.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio (DPR) is presently 20.00%.

Insiders Place Their Bets

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the transaction, the vice president now owns 70,796 shares in the company, valued at $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Ryan sold 2,100 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total value of $87,738.00. Following the transaction, the director now owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ODC. Needham Investment Management LLC lifted its stake in shares of Oil-Dri Co. of America by 10.8% in the third quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company’s stock worth $18,455,000 after acquiring an additional 26,000 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Oil-Dri Co. of America by 11.5% in the fourth quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company’s stock worth $12,816,000 after acquiring an additional 15,041 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Oil-Dri Co. of America in the fourth quarter worth about $772,000. Moran Wealth Management LLC acquired a new position in shares of Oil-Dri Co. of America in the third quarter worth about $606,000. Finally, Citadel Advisors LLC acquired a new position in shares of Oil-Dri Co. of America in the fourth quarter worth about $701,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Oil-Dri Co. of America Company 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.