Oil-Dri Co. of America (NYSE:ODC) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Oil-Dri Co. of America (NYSE:ODC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.29 and traded as high as $87.31. Oil-Dri Co. of America shares last traded at $87.28, with a volume of 11,586 shares changing hands.

Oil-Dri Co. of America Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.39. The stock has a fifty day moving average of $73.39 and a two-hundred day moving average of $68.29. The firm has a market capitalization of $636.88 million, a price-to-earnings ratio of 14.10 and a beta of 0.58.

Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share for the quarter. The firm had revenue of $113.70 million for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.71%. Oil-Dri Co. of America’s payout ratio is currently 10.02%.

Insider Buying and Selling

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 2,500 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $69.27, for a total value of $173,175.00. Following the completion of the transaction, the vice president now directly owns 15,340 shares of the company’s stock, valued at $1,062,601.80. This trade represents a 14.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oil-Dri Co. of America

A number of large investors have recently added to or reduced their stakes in ODC. Franklin Resources Inc. purchased a new position in Oil-Dri Co. of America during the 3rd quarter valued at about $216,000. Barclays PLC lifted its stake in Oil-Dri Co. of America by 41.5% in the third quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company’s stock worth $673,000 after acquiring an additional 2,859 shares during the period. State Street Corp boosted its holdings in Oil-Dri Co. of America by 2.1% in the third quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock valued at $7,106,000 after acquiring an additional 2,114 shares in the last quarter. Needham Investment Management LLC raised its holdings in Oil-Dri Co. of America by 10.8% in the 3rd quarter. Needham Investment Management LLC now owns 267,500 shares of the specialty chemicals company’s stock worth $18,455,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Oil-Dri Co. of America by 30.2% in the 3rd quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock worth $293,000 after purchasing an additional 986 shares during the period. Hedge funds and other institutional investors own 49.01% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.