Panagora Asset Management Inc. Sells 879 Shares of Oil-Dri Co. of America (NYSE:ODC)

Panagora Asset Management Inc. cut its holdings in shares of Oil-Dri Co. of America (NYSE:ODC) by 2.6% during the second quarter, HoldingsChannel.com reports. The firm owned 33,342 shares of the specialty chemicals company’s stock after selling 879 shares during the period. Panagora Asset Management Inc.’s holdings in Oil-Dri Co. of America were worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Oil-Dri Co. of America during the second quarter worth $27,000. North Star Investment Management Corp. increased its position in shares of Oil-Dri Co. of America by 1.8% during the second quarter. North Star Investment Management Corp. now owns 67,360 shares of the specialty chemicals company’s stock worth $2,293,000 after purchasing an additional 1,210 shares in the last quarter. Cardinal Capital Management increased its position in shares of Oil-Dri Co. of America by 1.3% during the second quarter. Cardinal Capital Management now owns 36,016 shares of the specialty chemicals company’s stock worth $1,226,000 after purchasing an additional 453 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of Oil-Dri Co. of America by 22.6% during the first quarter. Alambic Investment Management L.P. now owns 18,253 shares of the specialty chemicals company’s stock worth $568,000 after purchasing an additional 3,363 shares in the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of Oil-Dri Co. of America during the first quarter worth $226,000. 51.03% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. TheStreet raised Oil-Dri Co. of America from a “c+” rating to a “b-” rating in a research report on Tuesday, July 9th. ValuEngine downgraded Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th.

Shares of ODC stock traded down $0.66 during trading hours on Thursday, reaching $33.34. 30 shares of the company’s stock were exchanged, compared to its average volume of 7,208. The stock’s 50 day moving average is $32.34 and its 200-day moving average is $31.62. The company has a market cap of $245.21 million, a price-to-earnings ratio of 21.22 and a beta of 1.10. The company has a current ratio of 2.76, a quick ratio of 1.91 and a debt-to-equity ratio of 0.02. Oil-Dri Co. of America has a fifty-two week low of $24.25 and a fifty-two week high of $39.20.

In other Oil-Dri Co. of America news, Director Paul Hindsley purchased 2,788 shares of Oil-Dri Co. of America stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of $30.29 per share, with a total value of $84,448.52. Following the completion of the transaction, the director now owns 2,126 shares in the company, valued at approximately $64,396.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 9.04% of the company’s stock.

Oil-Dri Co. of America Company 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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