Oil-Dri Co. of America (ODC) Shares Reduced by Kessler Investment Group LLC

Oil-Dri Co. of America (ODC) Shares Reduced by Kessler Investment Group LLC

Kessler Investment Group LLC lowered its stake in shares of Oil-Dri Co. of America (NYSE:ODC) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,127 shares of the specialty chemicals company’s stock after selling 921 shares during the period. Kessler Investment Group LLC’s holdings in Oil-Dri Co. of America were worth $30,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ODC. Rhumbline Advisers purchased a new stake in shares of Oil-Dri Co. of America during the 2nd quarter worth approximately $209,000. Schwab Charles Investment Management Inc. increased its stake in shares of Oil-Dri Co. of America by 20.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,587 shares of the specialty chemicals company’s stock worth $489,000 after purchasing an additional 2,000 shares during the last quarter. BlackRock Inc. increased its stake in shares of Oil-Dri Co. of America by 9.6% during the 2nd quarter. BlackRock Inc. now owns 254,629 shares of the specialty chemicals company’s stock worth $10,729,000 after purchasing an additional 22,325 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Oil-Dri Co. of America by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 402,798 shares of the specialty chemicals company’s stock worth $16,974,000 after purchasing an additional 6,823 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Oil-Dri Co. of America by 88.7% during the 2nd quarter. Bank of America Corp DE now owns 2,977 shares of the specialty chemicals company’s stock worth $125,000 after purchasing an additional 1,399 shares during the last quarter. Institutional investors own 52.12% of the company’s stock.

In other Oil-Dri Co. of America news, Director Allan H. Selig acquired 1,000 shares of Oil-Dri Co. of America stock in a transaction that occurred on Tuesday, October 16th. The stock was acquired at an average cost of $30.67 per share, for a total transaction of $30,670.00. Following the purchase, the director now owns 34,100 shares of the company’s stock, valued at $1,045,847. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Daniel S. Jaffee sold 8,435 shares of Oil-Dri Co. of America stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $31.67, for a total transaction of $267,136.45. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,060 shares of company stock valued at $87,439 and sold 19,803 shares valued at $622,426. 9.04% of the stock is currently owned by insiders.

Separately, TheStreet lowered shares of Oil-Dri Co. of America from a “b-” rating to a “c” rating in a research note on Thursday, October 18th.

Shares of ODC stock traded up $0.43 during trading hours on Friday, hitting $27.44. 5 shares of the company were exchanged, compared to its average volume of 12,861. The company has a quick ratio of 1.67, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. Oil-Dri Co. of America has a 52-week low of $24.25 and a 52-week high of $46.73. The firm has a market cap of $200.05 million, a P/E ratio of 17.88 and a beta of 1.01.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Friday, December 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter. Oil-Dri Co. of America had a net margin of 2.30% and a return on equity of 8.62%. The business had revenue of $66.14 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.96 dividend on an annualized basis and a yield of 3.50%.

Oil-Dri Co. of America Profile

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through 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, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

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