117,181 Shares in Olin Corporation (OLN) Acquired by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd bought a new position in Olin Corporation (NYSE:OLN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 117,181 shares of the specialty chemicals company’s stock, valued at approximately $3,852,000. BlueCrest Capital Management Ltd owned approximately 0.07% of Olin Corporation as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Columbus Circle Investors bought a new position in shares of Olin Corporation during the first quarter worth approximately $32,179,000. Great West Life Assurance Co. Can increased its position in shares of Olin Corporation by 4.0% in the first quarter. Great West Life Assurance Co. Can now owns 98,121 shares of the specialty chemicals company’s stock worth $3,224,000 after buying an additional 3,818 shares in the last quarter. World Asset Management Inc increased its position in shares of Olin Corporation by 1.7% in the first quarter. World Asset Management Inc now owns 10,125 shares of the specialty chemicals company’s stock worth $333,000 after buying an additional 168 shares in the last quarter. Blockhouse Capital Management LP bought a new position in shares of Olin Corporation during the first quarter worth approximately $6,042,000. Finally, 1st Global Advisors Inc. bought a new position in shares of Olin Corporation during the first quarter worth approximately $484,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Institutional Ownership by Quarter for Olin Corporation (NYSE:OLN)

Olin Corporation (NYSE OLN) traded up 0.98% during trading on Monday, hitting $29.77. 1,505,882 shares of the stock were exchanged. The stock’s 50 day moving average price is $30.36 and its 200 day moving average price is $29.64. Olin Corporation has a 12 month low of $18.24 and a 12 month high of $33.88. The stock has a market cap of $4.94 billion, a P/E ratio of 103.73 and a beta of 1.47.

Olin Corporation (NYSE:OLN) last announced its quarterly earnings data on Tuesday, May 2nd. The specialty chemicals company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.10. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Olin Corporation had a return on equity of 7.40% and a net margin of 0.82%. Analysts forecast that Olin Corporation will post $1.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. Olin Corporation’s payout ratio is currently 285.71%.

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A number of equities analysts have commented on OLN shares. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 target price on shares of Olin Corporation in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of Olin Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Bank of America Corporation assumed coverage on shares of Olin Corporation in a research note on Monday, May 8th. They set a “buy” rating and a $40.00 price objective on the stock. Tudor Pickering assumed coverage on shares of Olin Corporation in a research note on Friday, May 12th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, BidaskClub upgraded shares of Olin Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Olin Corporation currently has an average rating of “Buy” and an average price target of $32.86.

About Olin Corporation

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, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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