Morgan Dempsey Capital Management LLC Reduces Position in Oil-Dri Co. of America (ODC)

Morgan Dempsey Capital Management LLC cut its position in shares of Oil-Dri Co. of America (NYSE:ODC) by 5.3% in the first quarter, Holdings Channel reports. The institutional investor owned 11,562 shares of the specialty chemicals company’s stock after selling 651 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Oil-Dri Co. of America were worth $360,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Oil-Dri Co. of America by 20.6% during the 1st quarter. JPMorgan Chase & Co. now owns 10,070 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 1,719 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Oil-Dri Co. of America during the 1st quarter worth approximately $226,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Oil-Dri Co. of America by 527.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,060 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 891 shares during the last quarter. Kessler Investment Group LLC boosted its holdings in shares of Oil-Dri Co. of America by 69.5% during the 1st quarter. Kessler Investment Group LLC now owns 1,910 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 783 shares during the last quarter. Finally, Cardinal Capital Management boosted its holdings in shares of Oil-Dri Co. of America by 3.3% during the 1st quarter. Cardinal Capital Management now owns 35,563 shares of the specialty chemicals company’s stock worth $1,107,000 after purchasing an additional 1,142 shares during the last quarter. 51.50% of the stock is owned by institutional investors.

Separately, ValuEngine upgraded Oil-Dri Co. of America from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th.

Shares of Oil-Dri Co. of America stock opened at $29.27 on Friday. The company has a market cap of $220.53 million, a PE ratio of 24.59 and a beta of 0.96. Oil-Dri Co. of America has a 1-year low of $24.25 and a 1-year high of $46.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.65.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Monday, March 11th. The specialty chemicals company reported $0.30 earnings per share for the quarter. The business had revenue of $69.88 million for the quarter. Oil-Dri Co. of America had a return on equity of 7.22% and a net margin of 3.56%.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, May 16th.

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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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Institutional Ownership by Quarter for Oil-Dri Co. of America (NYSE:ODC)

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