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

Oil-Dri Co. of America (NYSE:ODC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.71 and traded as high as $43.55. Oil-Dri Co. of America shares last traded at $43.48, with a volume of 29,841 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Oil-Dri Co. of America Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 2.63. The company has a market cap of $634.79 million, a PE ratio of 14.05 and a beta of 0.52. The company has a 50 day simple moving average of $39.01 and a two-hundred day simple moving average of $24.71.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings results on Monday, December 9th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.155 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.43%. Oil-Dri Co. of America’s dividend payout ratio is currently 20.03%.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the sale, the director now owns 3,900 shares in the company, valued at $162,942. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares in the company, valued at approximately $3,026,529. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. JPMorgan Chase & Co. increased its position in Oil-Dri Co. of America by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401 shares of the specialty chemicals company’s stock worth $166,000 after acquiring an additional 268 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Oil-Dri Co. of America by 973.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company’s stock valued at $189,000 after buying an additional 1,956 shares in the last quarter. Franklin Resources Inc. acquired a new position in Oil-Dri Co. of America in the 3rd quarter valued at $216,000. Finally, Mariner LLC bought a new stake in Oil-Dri Co. of America during the fourth quarter worth about $222,000. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.