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ODC Ownership Update: GAMCO Reports 794k Shares in 13D Amendment

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Schedule 13D/A (Amendment No. 32) – Oil-Dri Corporation of America (NYSE: ODC) was filed on 26 June 2025, updating the share ownership of a long-standing group of investment entities led by Mario Gabelli.

The filing lists seven principal reporting entities, with GAMCO Asset Management Inc. holding the largest stake at 794,512 shares, representing 7.7 % of ODC’s outstanding common stock. Gabelli Funds LLC reports ownership of 164,200 shares (1.6 %), while Teton Advisors Inc. controls 15,000 shares (0.1 %). GGCP Inc., GGCP Holdings LLC, Associated Capital Group Inc., and Mario J. Gabelli personally report no direct beneficial ownership in this amendment.

All reported positions are disclosed as having sole voting and dispositive power; no shared power is indicated. Source of funds is primarily investment advisory or working capital ("OO" or "WC"). The disclosure does not detail any new acquisition transactions, financing arrangements, or intentions regarding corporate actions – it is limited to the updated share counts and ownership percentages.

The combined holdings disclosed elevate the Gabelli/GAMCO group’s influence within ODC, with the largest single block near 8 %. While not constituting formal control, such a position can be material in proxy matters and strategic decisions, especially given Mario Gabelli’s activist track record. However, the amendment provides no commentary on plans or proposals under Item 4, leaving the group’s strategic intent undisclosed.

Positive

  • Institutional confidence signalled: A respected value-oriented investment group continues to hold a material 7.7 % stake in ODC.
  • Transparent ownership structure: All voting and dispositive powers are clearly disclosed as sole, giving investors clarity on potential influence.

Negative

  • Lack of strategic insight: The amendment provides no information on future plans, leaving uncertainty about possible activism or divestiture.

Insights

TL;DR: Gabelli group reaffirms 7.7 % ODC stake; no strategy revealed; modest governance relevance.

The filing shows GAMCO Asset Management as the principal holder with 794.5k shares (7.7 %), supplemented by smaller positions managed by Gabelli Funds (1.6 %) and Teton Advisors (0.1 %). All other related entities report zero ownership. No new purchases or sales are described, suggesting this is largely an administrative update. From a valuation perspective, a near-8 % block by a seasoned value investor may support the share price by signalling continued institutional conviction, but without stated activism the near-term impact appears limited. Investors should monitor future 13D amendments for any shift toward an activist campaign or proposals affecting capital allocation.

TL;DR: Significant minority holding could sway future proxy votes; current filing offers no activist clues.

With sole voting power over almost 8 % of the float, GAMCO could materially influence tightly contested shareholder resolutions. The absence of joint filing under Item 4 implies the group is not presently coordinating an overt campaign, reducing immediate governance risk for the issuer. Yet, Mario Gabelli’s history of engaging companies when value gaps persist warrants continued surveillance by boards and investors alike. Impact today is neutral, but the disclosure creates transparency that may become meaningful if ownership crosses further thresholds or if additional intentions are filed.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:PETER D. GOLDSTEIN
Name/Title:GENERAL COUNSEL
Date:06/27/2025
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:06/27/2025
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:06/27/2025
Teton Advisors, Inc.
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:06/27/2025
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:06/27/2025
Associated Capital Group, Inc.
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:06/27/2025
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:06/27/2025

FAQ

How many Oil-Dri (ODC) shares does GAMCO Asset Management own?

GAMCO Asset Management reports 794,512 shares, equal to 7.7 % of ODC’s outstanding common stock.

What is the total percentage of ODC stock held by the Gabelli group?

The largest disclosed block is 7.7 % by GAMCO; including Gabelli Funds (1.6 %) and Teton Advisors (0.1 %), related entities control roughly 9.4 % in aggregate.

Did the Schedule 13D/A report any new acquisitions or sales of ODC shares?

No. The amendment updates ownership totals but does not detail recent transactions or changes in investment intent.

Does the filing indicate any activist intentions toward Oil-Dri?

No activist plans or proposals were disclosed; the document focuses solely on updated share ownership.

Which reporting entities in the Gabelli group currently hold zero ODC shares?

GGCP Inc., Associated Capital Group Inc., GGCP Holdings LLC, and Mario J. Gabelli personally report no direct beneficial ownership in this amendment.
Oil-Dri Corporation of America

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