Uniplan Investment Counsel Inc. Has $2.88 Million Stake in Oil-Dri Co. of America (ODC)

Uniplan Investment Counsel Inc. cut its position in Oil-Dri Co. of America (NYSE:ODC) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,824 shares of the specialty chemicals company’s stock after selling 1,090 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 1.46% of Oil-Dri Co. of America worth $2,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ODC. Bank of America Corp DE boosted its position in shares of Oil-Dri Co. of America by 88.7% in the 2nd quarter. Bank of America Corp DE now owns 2,977 shares of the specialty chemicals company’s stock valued at $125,000 after purchasing an additional 1,399 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Oil-Dri Co. of America in the 4th quarter valued at about $395,000. Cardinal Capital Management boosted its position in shares of Oil-Dri Co. of America by 3.9% in the 4th quarter. Cardinal Capital Management now owns 34,421 shares of the specialty chemicals company’s stock valued at $912,000 after purchasing an additional 1,288 shares during the period. Geode Capital Management LLC boosted its position in shares of Oil-Dri Co. of America by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 42,678 shares of the specialty chemicals company’s stock valued at $1,130,000 after purchasing an additional 2,164 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Oil-Dri Co. of America by 6.7% in the 4th quarter. Bank of New York Mellon Corp now owns 58,723 shares of the specialty chemicals company’s stock valued at $1,556,000 after purchasing an additional 3,690 shares during the period. 52.49% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Allan H. Selig bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average cost of $25.90 per share, with a total value of $25,900.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at $984,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.04% of the stock is owned by corporate insiders.

Shares of NYSE ODC opened at $31.33 on Friday. The stock has a market capitalization of $233.69 million, a P/E ratio of 22.48 and a beta of 0.96. The company has a quick ratio of 1.67, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. Oil-Dri Co. of America has a 52-week low of $24.25 and a 52-week high of $46.73.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.06%.

Separately, ValuEngine cut Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th.

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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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