Apollon Wealth Management LLC Raises Stock Holdings in Oil-Dri Corporation Of America (NYSE:ODC)

Apollon Wealth Management LLC boosted its stake in Oil-Dri Corporation Of America (NYSE:ODC) by 100.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,351 shares of the specialty chemicals company’s stock after acquiring an additional 6,184 shares during the period. Apollon Wealth Management LLC owned 0.08% of Oil-Dri Corporation Of America worth $567,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont raised its position in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 300 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 441 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Oil-Dri Corporation Of America by 973.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,157 shares of the specialty chemicals company’s stock worth $189,000 after acquiring an additional 1,956 shares in the last quarter. Mariner LLC purchased a new stake in shares of Oil-Dri Corporation Of America during the 4th quarter worth approximately $222,000. Finally, Two Sigma Advisers LP purchased a new stake in Oil-Dri Corporation Of America during the 4th quarter valued at $228,000. Institutional investors own 49.01% of the company’s stock.

Insider Activity at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, Director Ellen-Blair Chube sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the sale, the director owned 11,820 shares in the company, valued at $502,468.20. This represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 11.66% of the stock is currently owned by corporate insiders.

Oil-Dri Corporation Of America Trading Down 1.8%

ODC opened at $61.43 on Friday. Oil-Dri Corporation Of America has a one year low of $30.95 and a one year high of $63.82. The company has a market cap of $899.34 million, a P/E ratio of 18.07 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83. The business’s 50-day simple moving average is $54.41 and its 200-day simple moving average is $47.45.

Oil-Dri Corporation Of America (NYSE:ODC) last posted its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The business had revenue of $115.50 million during the quarter.

Oil-Dri Corporation Of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, August 8th. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.16. Oil-Dri Corporation Of America’s payout ratio is 18.24%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 22nd.

Oil-Dri Corporation 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.