Oil-Dri Co. of America (NYSE:ODC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Oil-Dri Co. of America (NYSE:ODC)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $68.29 and traded as high as $87.31. Oil-Dri Co. of America shares last traded at $87.28, with a volume of 11,586 shares traded.

Oil-Dri Co. of America Trading Up 1.5 %

The stock has a 50 day moving average price of $73.39 and a 200 day moving average price of $68.29. The company has a market cap of $636.88 million, a PE ratio of 14.10 and a beta of 0.58. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter. The business had revenue of $113.70 million during the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.155 per share. The ex-dividend date is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.71%. Oil-Dri Co. of America’s payout ratio is 10.02%.

Insiders Place Their Bets

In related news, VP Laura G. Scheland sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $69.27, for a total transaction of $173,175.00. Following the completion of the sale, the vice president now directly owns 15,340 shares of the company’s stock, valued at approximately $1,062,601.80. This trade represents a 14.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.66% of the company’s stock.

Institutional Investors Weigh In On Oil-Dri Co. of America

Several hedge funds have recently made changes to their positions in ODC. FMR LLC raised its stake in shares of Oil-Dri Co. of America by 81.6% during the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Oil-Dri Co. of America during the 3rd quarter valued at about $216,000. Janus Henderson Group PLC raised its position in Oil-Dri Co. of America by 30.2% during the third quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company’s stock worth $293,000 after acquiring an additional 986 shares during the period. Squarepoint Ops LLC increased its position in shares of 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 purchasing an additional 1,383 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Oil-Dri Co. of America by 5.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company’s stock valued at $379,000 after purchasing an additional 271 shares during the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

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.