4,059 Shares in Oil-Dri Co. of America (NYSE:ODC) Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. acquired a new stake in shares of Oil-Dri Co. of America (NYSE:ODC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,059 shares of the specialty chemicals company’s stock, valued at approximately $272,000. Watershed Asset Management L.L.C. owned 0.06% of Oil-Dri Co. of America at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ODC. Diamond Hill Capital Management Inc. lifted its position in Oil-Dri Co. of America by 46.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company’s stock valued at $7,766,000 after buying an additional 39,618 shares during the period. Kennedy Capital Management LLC purchased a new position in Oil-Dri Co. of America during the third quarter valued at $1,147,000. Acadian Asset Management LLC lifted its position in Oil-Dri Co. of America by 78.9% during the third quarter. Acadian Asset Management LLC now owns 31,810 shares of the specialty chemicals company’s stock valued at $1,959,000 after buying an additional 14,030 shares during the period. Miracle Mile Advisors LLC purchased a new position in Oil-Dri Co. of America during the fourth quarter valued at $939,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Oil-Dri Co. of America in the 3rd quarter worth about $846,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Co. of America Stock Up 1.0 %

Shares of ODC traded up $0.69 during trading hours on Tuesday, hitting $70.29. The company had a trading volume of 18,406 shares, compared to its average volume of 14,463. The firm has a fifty day moving average price of $70.82 and a 200-day moving average price of $65.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 3.02. The stock has a market capitalization of $512.41 million, a price-to-earnings ratio of 11.50 and a beta of 0.65. Oil-Dri Co. of America has a 52-week low of $36.84 and a 52-week high of $78.09.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 earnings per share (EPS) for the quarter. The firm had revenue of $105.67 million during the quarter. Oil-Dri Co. of America had a return on equity of 26.98% and a net margin of 10.14%.

Oil-Dri Co. of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 9th. Oil-Dri Co. of America’s dividend payout ratio is presently 18.99%.

Oil-Dri Co. of America Company Profile

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.