Dimensional Fund Advisors LP Increases Position in Oil-Dri Corporation Of America (ODC)

Dimensional Fund Advisors LP increased its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 387,833 shares of the specialty chemicals company’s stock after purchasing an additional 5,072 shares during the period. Dimensional Fund Advisors LP owned 7.59% of Oil-Dri Corporation Of America worth $16,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Uniplan Investment Counsel Inc. lifted its holdings in Oil-Dri Corporation Of America by 7.5% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 188,281 shares of the specialty chemicals company’s stock worth $7,909,000 after buying an additional 13,190 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Oil-Dri Corporation Of America by 146.1% in the 2nd quarter. Nationwide Fund Advisors now owns 7,889 shares of the specialty chemicals company’s stock worth $331,000 after buying an additional 4,684 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Oil-Dri Corporation Of America by 5.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 590,250 shares of the specialty chemicals company’s stock worth $24,796,000 after buying an additional 29,216 shares in the last quarter. Algert Global LLC acquired a new position in Oil-Dri Corporation Of America in the 2nd quarter worth $217,000. Finally, Cardinal Capital Management lifted its holdings in Oil-Dri Corporation Of America by 15.3% in the 2nd quarter. Cardinal Capital Management now owns 30,061 shares of the specialty chemicals company’s stock worth $1,263,000 after buying an additional 3,994 shares in the last quarter. 54.03% of the stock is owned by hedge funds and other institutional investors.

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Oil-Dri Corporation Of America (NYSE ODC) opened at $41.39 on Friday. Oil-Dri Corporation Of America has a 1-year low of $31.35 and a 1-year high of $50.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.94 and a quick ratio of 2.26. The company has a market cap of $301.94, a price-to-earnings ratio of 27.97 and a beta of 1.07.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.23 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.92 dividend on an annualized basis and a yield of 2.22%. Oil-Dri Corporation Of America’s dividend payout ratio is currently 62.16%.

In related news, Director Allan H. Selig bought 1,500 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were acquired at an average price of $42.16 per share, for a total transaction of $63,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel S. Jaffee sold 6,390 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $41.10, for a total transaction of $262,629.00. The disclosure for this sale can be found here. Insiders own 13.86% of the company’s stock.

Separately, BidaskClub lowered shares of Oil-Dri Corporation Of America from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.

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Institutional Ownership by Quarter for Oil-Dri Corporation Of America (NYSE:ODC)

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