Allan Selig, a director at Oil-Dri Corp of America (ODC), recently added 1,000 shares to his holdings. The buy increased his stake by 2.2 percent, and came to a cost of just under $34,000. He was also the last company insider to buy shares in 2020, with a 1,000 share buy in October.
Company insiders have been both buyers and sellers of shares in the past year, but the company Chairman has been a large net seller in that time.
Overall, insiders own about 3.6 percent of company shares.
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The company, which manufactures various absorbent products from drying agents to cat litters, has seen shares decline about 8 percent over the past year, even as earnings grew by double-digits. Shares trade at about 12 times earnings, and at just under 0.1 times price to sales.
Action to take: There’s a relative value in shares right now. While that’s not as exciting as the prospective returns of a high-growth tech stock, it’s an area where insiders are doing some buying. The company has largely been range-trading between the low and high $30 range over the past few months, and are closer to the low $30 range.
Investors and traders may want to buy here, and look to sell for a 10-15 percent profit, plus any dividend payments along the way from the company’s solid 3.1 percent dividend yield. The small-cap firm does not yet offer options trades.