Teton Advisors Inc. Cuts Stake in Oil-Dri Co. of America (NYSE:ODC)

Teton Advisors Inc. cut its stake in Oil-Dri Co. of America (NYSE:ODC) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,500 shares of the specialty chemicals company’s stock after selling 1,500 shares during the quarter. Teton Advisors Inc. owned about 0.18% of Oil-Dri Co. of America worth $906,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. grew its stake in shares of Oil-Dri Co. of America by 46.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company’s stock valued at $7,766,000 after acquiring an additional 39,618 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in Oil-Dri Co. of America in the third quarter worth about $1,147,000. Acadian Asset Management LLC grew its stake in Oil-Dri Co. of America by 78.9% in the third quarter. Acadian Asset Management LLC now owns 31,810 shares of the specialty chemicals company’s stock worth $1,959,000 after purchasing an additional 14,030 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Oil-Dri Co. of America in the fourth quarter worth about $939,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Oil-Dri Co. of America in the third quarter worth about $846,000. 49.01% of the stock is owned by hedge funds and other institutional investors.

Oil-Dri Co. of America Stock Up 3.6 %

NYSE:ODC traded up $2.56 during mid-day trading on Thursday, reaching $73.38. The stock had a trading volume of 14,632 shares, compared to its average volume of 14,391. The company has a market capitalization of $534.94 million, a price-to-earnings ratio of 11.59 and a beta of 0.67. Oil-Dri Co. of America has a 1-year low of $36.84 and a 1-year high of $78.09. The stock’s 50 day simple moving average is $70.94 and its two-hundred day simple moving average is $65.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.02 and a quick ratio of 2.02.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 EPS for the quarter. The business had revenue of $105.67 million during the quarter. Oil-Dri Co. of America had a return on equity of 26.98% and a net margin of 10.14%.

Oil-Dri Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 1.58%. Oil-Dri Co. of America’s payout ratio is currently 18.99%.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.