BlackRock Discloses 5.0% Passive Stake in Oil-Dri Corp of America
Ticker: ODC · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 74046
| Field | Detail |
|---|---|
| Company | Oil-Dri CORP Of America (ODC) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G, ownership-change
TL;DR
**BlackRock just revealed a 5% passive stake in Oil-Dri Corp, a bullish signal for the stock.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 26, 2024, that it holds a significant stake in Oil-Dri Corp of America (NYSE: ODC). As of December 31, 2023, BlackRock owns 5.0% of Oil-Dri's Common Stock, totaling 367,078 shares. This filing indicates BlackRock's passive investment in the company, signaling confidence in Oil-Dri's long-term prospects without seeking to influence management. For current or prospective shareholders, this means a large, reputable institutional investor sees value in ODC, which can be a positive signal for stability and future growth.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a significant, passive stake in Oil-Dri, which can be a vote of confidence for other investors.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and signals stability.
Analyst Insight
A smart investor would view BlackRock's passive 5.0% stake as a positive signal, suggesting potential long-term value and stability for Oil-Dri Corp of America, and might consider further research into the company's fundamentals.
Key Numbers
- 367,078 — Shares Owned (Total shares of Oil-Dri Corp of America Common Stock beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (Percentage of Oil-Dri Corp of America's Common Stock owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the investment firm filing the SC 13G
- Oil-Dri Corp of America (company) — the issuer whose securities are being reported
- 367,078 (dollar_amount) — shares of Common Stock beneficially owned by BlackRock Inc.
- 5.0% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event requiring the filing
- January 26, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- Oil-Dri Corp of America's stock price will experience increased stability due to institutional backing. (Oil-Dri Corp of America) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G statement regarding Oil-Dri Corp of America?
BlackRock Inc. filed this SC 13G statement, as indicated in the 'FILED BY' section of the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of Oil-Dri Corp of America is 677864100, as stated in the filing.
What was the date of the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, according to the filing.
How many shares of Oil-Dri Corp of America Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 367,078 shares of Oil-Dri Corp of America Common Stock, as per the filing.
What percentage of Oil-Dri Corp of America's Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 5.0% of the Common Stock of Oil-Dri Corp of America, as reported in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 by December 31, 2023 regarding Oil-Dri Corp of America (ODC).