Teton Advisors LLC Acquires New Shares in Oil-Dri Corporation Of America $ODC

Teton Advisors LLC bought a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,800 shares of the specialty chemicals company’s stock, valued at approximately $842,000. Teton Advisors LLC owned approximately 0.09% of Oil-Dri Corporation Of America as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Oil-Dri Corporation Of America by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 641,978 shares of the specialty chemicals company’s stock worth $39,186,000 after buying an additional 8,951 shares during the last quarter. American Century Companies Inc. raised its position in Oil-Dri Corporation Of America by 9.6% during the third quarter. American Century Companies Inc. now owns 401,152 shares of the specialty chemicals company’s stock worth $24,486,000 after acquiring an additional 35,302 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oil-Dri Corporation Of America by 3.4% in the second quarter. Geode Capital Management LLC now owns 237,607 shares of the specialty chemicals company’s stock valued at $14,019,000 after purchasing an additional 7,812 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Oil-Dri Corporation Of America by 51.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 88,177 shares of the specialty chemicals company’s stock valued at $5,382,000 after purchasing an additional 30,025 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Oil-Dri Corporation Of America by 122.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock worth $4,028,000 after purchasing an additional 48,309 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Price Performance

ODC opened at $63.33 on Friday. The company’s 50 day simple moving average is $59.19 and its 200 day simple moving average is $58.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.23 and a current ratio of 3.34. Oil-Dri Corporation Of America has a 1 year low of $41.37 and a 1 year high of $70.01. The stock has a market capitalization of $923.35 million, a PE ratio of 17.40 and a beta of 0.77.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings results on Monday, December 8th. The specialty chemicals company reported $1.06 EPS for the quarter. The firm had revenue of $120.49 million during the quarter. Oil-Dri Corporation Of America had a net margin of 11.10% and a return on equity of 21.06%. During the same period last year, the company posted $2.25 EPS.

Oil-Dri Corporation Of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 20th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, February 20th. This is a positive change from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.18. Oil-Dri Corporation Of America’s payout ratio is currently 22.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ODC shares. Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.