Moors & Cabot Inc. Raises Position in Olin Co. (OLN)

Moors & Cabot Inc. increased its position in Olin Co. (NYSE:OLN) by 77.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,410 shares of the specialty chemicals company’s stock after buying an additional 13,230 shares during the quarter. Moors & Cabot Inc.’s holdings in Olin were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OLN. Lavaca Capital LLC purchased a new position in shares of Olin in the 4th quarter worth $29,000. JOYN Advisors Inc. increased its holdings in Olin by 743.3% in the 4th quarter. JOYN Advisors Inc. now owns 1,813 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 1,598 shares in the last quarter. CWM LLC increased its holdings in Olin by 1,219.7% in the 1st quarter. CWM LLC now owns 1,676 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 1,549 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Olin in the 4th quarter valued at $50,000. Finally, Pflug Koory LLC increased its holdings in Olin by 29.8% in the 4th quarter. Pflug Koory LLC now owns 2,985 shares of the specialty chemicals company’s stock valued at $60,000 after purchasing an additional 685 shares in the last quarter. 87.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Olin stock opened at $20.92 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.48 and a quick ratio of 0.85. The stock has a market cap of $3.31 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. Olin Co. has a 1-year low of $17.87 and a 1-year high of $34.42.

Olin (NYSE:OLN) last announced its earnings results on Tuesday, April 30th. The specialty chemicals company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.69 billion. Olin had a net margin of 5.14% and a return on equity of 11.12%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, analysts predict that Olin Co. will post 1.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. Olin’s dividend payout ratio is presently 45.71%.

Several analysts recently issued reports on OLN shares. Alembic Global Advisors started coverage on Olin in a report on Monday, April 22nd. They issued a “buy” rating and a $32.00 price target for the company. ValuEngine upgraded Olin from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Nomura upgraded Olin from a “reduce” rating to a “neutral” rating and increased their price target for the company from $22.00 to $25.00 in a report on Monday, April 15th. Cowen reiterated an “outperform” rating and issued a $27.00 price target (down from $31.00) on shares of Olin in a report on Monday. Finally, KeyCorp started coverage on Olin in a report on Monday, January 28th. They issued an “overweight” rating and a $30.00 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Olin presently has an average rating of “Hold” and a consensus price target of $29.33.

In other news, VP Brett A. Flaugher sold 12,500 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $26.53, for a total transaction of $331,625.00. Following the completion of the sale, the vice president now directly owns 40,629 shares in the company, valued at $1,077,887.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Mcdougald Sutton bought 7,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $21.02 per share, with a total value of $147,140.00. Following the completion of the purchase, the director now directly owns 22,000 shares of the company’s stock, valued at $462,440. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

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Olin Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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