Connor Clark & Lunn Investment Management Ltd. Grows Holdings in Oil-Dri Co. of America (NYSE:ODC)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Oil-Dri Co. of America (NYSE:ODC) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,500 shares of the specialty chemicals company’s stock after buying an additional 1,000 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Oil-Dri Co. of America were worth $570,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Oil-Dri Co. of America by 17.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company’s stock valued at $2,348,000 after buying an additional 4,050 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Oil-Dri Co. of America by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock valued at $166,000 after purchasing an additional 268 shares during the period. Franklin Resources Inc. bought a new position in shares of Oil-Dri Co. of America in the third quarter worth approximately $216,000. Barclays PLC increased its stake in shares of 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 buying an additional 2,859 shares during the period. Finally, State Street Corp raised its holdings in Oil-Dri Co. of America by 2.1% during the 3rd quarter. State Street Corp now owns 103,006 shares of the specialty chemicals company’s stock valued at $7,106,000 after buying an additional 2,114 shares during the last quarter. 49.01% of the stock is owned by institutional investors.

Oil-Dri Co. of America Trading Down 2.5 %

NYSE ODC opened at $45.92 on Friday. The stock has a 50 day simple moving average of $44.06 and a two-hundred day simple moving average of $29.56. Oil-Dri Co. of America has a fifty-two week low of $29.47 and a fifty-two week high of $49.72. The stock has a market cap of $670.14 million, a P/E ratio of 14.84 and a beta of 0.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 EPS for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The business had revenue of $116.91 million during the quarter.

Oil-Dri Co. of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.62 annualized dividend and a yield of 1.35%. Oil-Dri Co. of America’s payout ratio is 19.81%.

Insider Buying and Selling

In other Oil-Dri Co. of America news, Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total value of $87,738.00. Following the sale, the director now owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction that occurred on 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 represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of 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.