Have Insiders Sold Oil-Dri Corporation of America Shares Recently?

Anyone interested in Oil-Dri Corporation of America (NYSE:ODC) should probably be aware that the VP of Agriculture, W. Robey, recently divested US$238k worth of shares in the company, at an average price of US$59.18 each. The eyebrow raising move amounted to a reduction of 14% in their holding.

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The Last 12 Months Of Insider Transactions At Oil-Dri Corporation of America

In fact, the recent sale by W. Robey was the biggest sale of Oil-Dri Corporation of America shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$56.59. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Oil-Dri Corporation of America insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Oil-Dri Corporation of America

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Insider Ownership Of Oil-Dri Corporation of America

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Oil-Dri Corporation of America insiders own about US$91m worth of shares. That equates to 11% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Oil-Dri Corporation of America Insider Transactions Indicate?

Insiders haven't bought Oil-Dri Corporation of America stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But it is good to see that Oil-Dri Corporation of America is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Oil-Dri Corporation of America you should know about.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.