Quantbot Technologies LP Invests $1.11 Million in Oil-Dri Corporation Of America $ODC

Quantbot Technologies LP purchased a new position in shares of Oil-Dri Corporation Of America (NYSE:ODC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,910 shares of the specialty chemicals company’s stock, valued at approximately $1,115,000.

Other large investors also recently bought and sold shares of the company. Bard Associates Inc. acquired a new stake in Oil-Dri Corporation Of America in the 2nd quarter valued at about $10,071,000. Virtus Advisers LLC purchased a new position in Oil-Dri Corporation Of America in the 2nd quarter worth approximately $294,000. CM Wealth Advisors LLC acquired a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth approximately $441,000. BlackRock Inc. acquired a new position in shares of Oil-Dri Corporation Of America during the 2nd quarter worth approximately $84,762,000. Finally, Deutsche Bank AG purchased a new stake in shares of Oil-Dri Corporation Of America in the second quarter valued at approximately $1,036,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ODC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, July 29th. Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

Oil-Dri Corporation Of America stock opened at $92.04 on Wednesday. Oil-Dri Corporation Of America has a 12-month low of $45.61 and a 12-month high of $107.00. The stock has a market cap of $1.33 billion, a P/E ratio of 23.66 and a beta of 0.78. The company has a 50-day moving average price of $96.87 and a 200 day moving average price of $80.47. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its earnings results on Monday, June 8th. The specialty chemicals company reported $1.00 EPS for the quarter. The company had revenue of $126.33 million for the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. During the same period last year, the firm earned $0.80 earnings per share.

Oil-Dri Corporation Of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20. Oil-Dri Corporation Of America’s dividend payout ratio is presently 23.14%.

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.