Olin Corp. (OLN) Shares Bought by Adams Asset Advisors LLC
Adams Asset Advisors LLC raised its position in Olin Corp. (NYSE:OLN) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,531 shares of the company’s stock after buying an additional 184 shares during the period. Adams Asset Advisors LLC owned about 0.11% of Olin Corp. worth $3,868,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of OLN. Creative Planning raised its stake in shares of Olin Corp. by 22.1% in the third quarter. Creative Planning now owns 6,084 shares of the company’s stock worth $125,000 after buying an additional 1,103 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Olin Corp. during the second quarter worth $178,000. Scout Investments Inc. acquired a new stake in shares of Olin Corp. during the second quarter worth $212,000. Quadrature Capital Ltd acquired a new stake in shares of Olin Corp. during the second quarter worth $227,000. Finally, LS Investment Advisors LLC raised its stake in shares of Olin Corp. by 8.9% in the second quarter. LS Investment Advisors LLC now owns 9,915 shares of the company’s stock worth $246,000 after buying an additional 813 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.
Shares of Olin Corp. (NYSE:OLN) traded down 1.28% on Monday, reaching $25.36. The company’s stock had a trading volume of 2,208,206 shares. Olin Corp. has a 1-year low of $12.29 and a 1-year high of $26.46. The company’s market capitalization is $4.19 billion. The stock has a 50-day moving average price of $22.58 and a 200-day moving average price of $22.13.
Olin Corp. (NYSE:OLN) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Olin Corp. had a positive return on equity of 5.30% and a negative net margin of 1.49%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Olin Corp. will post $0.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.15%. Olin Corp.’s payout ratio is currently -160.00%.
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OLN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Olin Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 13th. Longbow Research downgraded Olin Corp. from a “neutral” rating to an “underperform” rating and set a $17.00 target price for the company. in a report on Wednesday, September 7th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Olin Corp. presently has a consensus rating of “Hold” and a consensus price target of $22.67.
In other Olin Corp. news, insider Pat D. Dawson acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average price of $22.54 per share, for a total transaction of $450,800.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by insiders.
Olin Corp. Company Profile
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide.
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