SCHEDULE 13D/A: GAMCO Entities Significantly Reduce Stake in Oil-Dri Corp of America to 9.39%

A group of investment entities associated with GAMCO, including Gabelli Funds and GAMCO Asset Management, have collectively reduced their beneficial ownership in Oil-Dri Corp of America to 9.39% through recent share sales.

Summary

• The reporting persons, including GAMCO Investors, Inc., Gabelli Funds, LLC, GAMCO Asset Management Inc., and Teton Advisors, Inc., collectively beneficially own 973,712 shares of Oil-Dri Corp of America Common Stock.
• This aggregate ownership represents 9.39% of the 10,368,372 shares outstanding as reported by the Issuer in its most recently filed Form 10-Q for the quarterly period ended April 30, 2025.
• GAMCO Asset Management Inc. holds the largest portion with 794,512 shares (7.66%), followed by Gabelli Funds, LLC with 164,200 shares (1.58%), and Teton Advisors, Inc. with 15,000 shares (0.14%).
• All reported transactions within the past sixty days or since the most recent Schedule 13D filing were sales of shares by the reporting persons.
• Gabelli Funds, LLC sold a total of 700 shares in May 2025 at prices ranging from $45.3300 to $46.5700.
• GAMCO Asset Management Inc. sold a total of 3,500 shares between May and June 2025 at prices ranging from $46.7500 to $58.4550.
• Teton Advisors, Inc. sold a total of 2,000 shares between May and June 2025 at prices ranging from $47.7800 to $57.9946.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the consistent selling activity by a major institutional investor group, indicating a reduction in their stake in the company.

Negatives

• The reporting group, a significant institutional investor, has reduced its stake in Oil-Dri Corp of America through multiple share sales, which could be interpreted as a decrease in conviction or a rebalancing away from the company.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership filing.

Industry Context

This filing primarily details changes in institutional ownership and does not provide broader industry context or trends for the specialty minerals or absorbent products sector in which Oil-Dri Corp of America operates.

Legal Proceedings

• The document states 'Not applicable' regarding disclosure of legal proceedings pursuant to Items 2(d) or 2(e).

Stakeholder Impact

• Shareholders may perceive the reduction in stake by a prominent institutional investor group as a negative signal, potentially influencing investor sentiment and the company's stock price.

Key Dates

Recommendation

Keywords

Oil-Dri Corp of America, ODC, GAMCO Investors, Gabelli Funds, Teton Advisors, Beneficial Ownership, Schedule 13D, Institutional Investment, Share Sales, Equity Stake