Rhumbline Advisers trimmed its holdings in shares of Oil-Dri Corporation Of America (NYSE:ODC) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,037 shares of the specialty chemicals company’s stock after selling 555 shares during the quarter. Rhumbline Advisers owned about 0.12% of Oil-Dri Corporation Of America worth $254,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Algert Global LLC acquired a new position in Oil-Dri Corporation Of America during the second quarter worth $217,000. Russell Investments Group Ltd. increased its position in Oil-Dri Corporation Of America by 16.1% during the second quarter. Russell Investments Group Ltd. now owns 9,911 shares of the specialty chemicals company’s stock worth $417,000 after buying an additional 1,377 shares during the last quarter. Finally, Cardinal Capital Management increased its position in Oil-Dri Corporation Of America by 15.3% during the second 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 during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.
Oil-Dri Corporation Of America (ODC) opened at 41.23 on Friday. Oil-Dri Corporation Of America has a 52-week low of $31.35 and a 52-week high of $50.82. The firm’s 50-day moving average is $44.33 and its 200 day moving average is $40.53. The firm has a market capitalization of $300.81 million, a P/E ratio of 20.58 and a beta of 1.12.
In other Oil-Dri Corporation Of America news, Director Allan H. Selig purchased 1,000 shares of the business’s stock in a transaction on Friday, July 21st. The shares were purchased at an average cost of $43.51 per share, with a total value of $43,510.00. Following the transaction, the director now directly owns 30,500 shares of the company’s stock, valued at approximately $1,327,055. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 13.86% of the company’s stock.
Separately, BidaskClub raised shares of Oil-Dri Corporation Of America from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th.
Oil-Dri Corporation Of America Profile
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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