ProShare Advisors LLC Takes Position in Oil-Dri Co. of America (NYSE:ODC)

ProShare Advisors LLC acquired a new position in shares of Oil-Dri Co. of America (NYSE:ODC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,420 shares of the specialty chemicals company’s stock, valued at approximately $1,181,000.

Several other institutional investors have also made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of Oil-Dri Co. of America by 24.3% during the 2nd quarter. American Century Companies Inc. now owns 111,348 shares of the specialty chemicals company’s stock worth $7,136,000 after buying an additional 21,740 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Oil-Dri Co. of America by 1,617.3% during the second quarter. Victory Capital Management Inc. now owns 22,685 shares of the specialty chemicals company’s stock valued at $1,454,000 after acquiring an additional 21,364 shares during the period. Rhumbline Advisers boosted its stake in shares of Oil-Dri Co. of America by 19.4% in the 2nd quarter. Rhumbline Advisers now owns 6,871 shares of the specialty chemicals company’s stock valued at $440,000 after purchasing an additional 1,115 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Oil-Dri Co. of America by 6.6% in the 2nd quarter. Ellsworth Advisors LLC now owns 7,453 shares of the specialty chemicals company’s stock worth $478,000 after purchasing an additional 459 shares during the last quarter. Finally, Cardinal Capital Management increased its position in shares of Oil-Dri Co. of America by 1.1% during the 2nd quarter. Cardinal Capital Management now owns 46,239 shares of the specialty chemicals company’s stock worth $2,963,000 after purchasing an additional 495 shares in the last quarter. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Oil-Dri Co. of America Stock Up 0.1 %

NYSE ODC opened at $68.41 on Friday. The stock’s 50 day simple moving average is $65.98 and its 200 day simple moving average is $69.60. Oil-Dri Co. of America has a one year low of $54.80 and a one year high of $87.32. The firm has a market cap of $498.44 million, a PE ratio of 11.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.06 and a quick ratio of 2.18.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Oil-Dri Co. of America Profile

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.