Diamond Hill Capital Management Inc. Sells 1,922 Shares of Oil-Dri Co. of America (NYSE:ODC)

Diamond Hill Capital Management Inc. lessened its stake in Oil-Dri Co. of America (NYSE:ODC) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,841 shares of the specialty chemicals company’s stock after selling 1,922 shares during the quarter. Diamond Hill Capital Management Inc. owned about 1.44% of Oil-Dri Co. of America worth $6,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in Oil-Dri Co. of America by 20.9% in the first quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 421 shares during the period. Blair William & Co. IL acquired a new position in Oil-Dri Co. of America in the first quarter valued at about $204,000. Janus Henderson Group PLC acquired a new position in Oil-Dri Co. of America in the first quarter valued at about $245,000. Jump Financial LLC acquired a new position in Oil-Dri Co. of America in the fourth quarter valued at about $261,000. Finally, Rhumbline Advisers grew its stake in Oil-Dri Co. of America by 19.4% in the second quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock valued at $440,000 after acquiring an additional 1,115 shares during the period. Institutional investors own 49.01% of the company’s stock.

Oil-Dri Co. of America Stock Up 0.2 %

ODC stock opened at $67.19 on Monday. The business has a 50-day moving average of $64.73 and a 200-day moving average of $69.81. Oil-Dri Co. of America has a fifty-two week low of $54.80 and a fifty-two week high of $87.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.06 and a quick ratio of 2.18. The stock has a market capitalization of $489.82 million, a P/E ratio of 11.31 and a beta of 0.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

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.