Victory Capital Management Inc. Purchases 4,050 Shares of Oil-Dri Co. of America (NYSE:ODC)

Victory Capital Management Inc. grew its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,793 shares of the specialty chemicals company’s stock after acquiring an additional 4,050 shares during the period. Victory Capital Management Inc. owned 0.18% of Oil-Dri Co. of America worth $2,348,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ODC. Needham Investment Management LLC increased its stake in shares of 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 valued at $18,455,000 after acquiring an additional 26,000 shares in the last quarter. State Street Corp grew 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 worth $7,106,000 after purchasing an additional 2,114 shares during the period. Foundry Partners LLC increased its stake in Oil-Dri Co. of America by 1.0% in the third quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company’s stock valued at $2,555,000 after purchasing an additional 350 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Oil-Dri Co. of America by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company’s stock valued at $966,000 after purchasing an additional 469 shares during the period. Finally, Barclays PLC boosted its position in shares of Oil-Dri Co. of America by 41.5% during the 3rd quarter. Barclays PLC now owns 9,743 shares of the specialty chemicals company’s stock worth $673,000 after purchasing an additional 2,859 shares in the last quarter. 49.01% of the stock is owned by institutional investors.

Insider Transactions at Oil-Dri Co. of America

In related news, VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total transaction of $134,833.50. Following the transaction, the vice president now directly owns 70,796 shares of the company’s stock, valued at $3,026,529. This trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $87,738.00. Following the transaction, the director now owns 3,900 shares in the company, valued at approximately $162,942. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.66% of the company’s stock.

Oil-Dri Co. of America Price Performance

Shares of ODC opened at $48.69 on Tuesday. The business’s fifty day moving average is $43.62 and its 200 day moving average is $28.79. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $49.72. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The stock has a market cap of $710.60 million, a P/E ratio of 15.73 and a beta of 0.44.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The firm had revenue of $116.91 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, May 9th. Oil-Dri Co. of America’s dividend payout ratio is currently 19.81%.

Analyst Upgrades and Downgrades

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

About Oil-Dri Co. of America

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.