Tudor Investment Corp ET AL Has $3.23 Million Stake in Oil-Dri Corporation Of America $ODC

Tudor Investment Corp ET AL increased its position in Oil-Dri Corporation Of America (NYSE:ODC) by 190.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,935 shares of the specialty chemicals company’s stock after purchasing an additional 34,706 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Oil-Dri Corporation Of America were worth $3,231,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Oil-Dri Corporation Of America by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 183 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at $45,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Oil-Dri Corporation Of America by 25.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,013 shares of the specialty chemicals company’s stock worth $60,000 after acquiring an additional 203 shares during the period. Legal & General Group Plc lifted its holdings in shares of Oil-Dri Corporation Of America by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after acquiring an additional 178 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in shares of Oil-Dri Corporation Of America during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 49.01% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul Hindsley sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $63.90, for a total transaction of $383,400.00. Following the completion of the sale, the director owned 11,000 shares of the company’s stock, valued at approximately $702,900. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Monday, December 22nd. Wall Street Zen cut shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Oil-Dri Corporation Of America presently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Stock Down 1.0%

Shares of NYSE:ODC opened at $62.81 on Friday. The company’s fifty day moving average is $62.67 and its 200-day moving average is $58.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.40 and a current ratio of 3.45. Oil-Dri Corporation Of America has a 52 week low of $41.37 and a 52 week high of $70.01. The company has a market capitalization of $909.45 million, a PE ratio of 17.02 and a beta of 0.77.

Oil-Dri Corporation Of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 8th. Oil-Dri Corporation Of America’s dividend payout ratio is currently 22.22%.

Oil-Dri Corporation Of America Company Profile

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.