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

Oil-Dri Co. of America (NYSE:ODC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $69.08 and traded as high as $71.91. Oil-Dri Co. of America shares last traded at $67.69, with a volume of 34,097 shares trading hands.

Oil-Dri Co. of America Stock Performance

The stock’s 50 day moving average price is $68.28 and its 200 day moving average price is $69.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.39 and a current ratio of 2.21. The company has a market capitalization of $493.46 million, a P/E ratio of 12.44 and a beta of 0.59.

Oil-Dri Co. of America’s stock is scheduled to split on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly issued shares will be issued to shareholders after the market closes on Thursday, November 21st.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 EPS for the quarter. Oil-Dri Co. of America had a net margin of 9.01% and a return on equity of 20.06%. The company had revenue of $113.70 million for the quarter.

Oil-Dri Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, November 8th. Oil-Dri Co. of America’s dividend payout ratio is presently 22.79%.

Insider Buying and Selling

In related news, VP Laura G. Scheland sold 2,500 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $69.27, for a total transaction of $173,175.00. Following the transaction, the vice president now directly owns 15,340 shares of the company’s stock, valued at $1,062,601.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in Oil-Dri Co. of America by 20.9% during the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 421 shares during the last quarter. Blair William & Co. IL acquired a new position in Oil-Dri Co. of America during the first quarter worth $204,000. Janus Henderson Group PLC acquired a new position in Oil-Dri Co. of America during the first quarter worth $245,000. Squarepoint Ops LLC raised its holdings in Oil-Dri Co. of America by 40.8% during the second quarter. Squarepoint Ops LLC now owns 4,772 shares of the specialty chemicals company’s stock worth $306,000 after buying an additional 1,383 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Oil-Dri Co. of America by 5.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock worth $379,000 after buying an additional 271 shares during the last quarter. 49.01% of the stock is owned by institutional investors.

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.