UBS Group AG Purchases 376,543 Shares of Olin Corporation $OLN

UBS Group AG increased its position in shares of Olin Corporation (NYSE:OLNFree Report) by 52.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,098,312 shares of the specialty chemicals company’s stock after purchasing an additional 376,543 shares during the quarter. UBS Group AG’s holdings in Olin were worth $22,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Advocates LLC bought a new stake in Olin during the third quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Olin in the first quarter worth about $32,000. Bessemer Group Inc. lifted its holdings in shares of Olin by 712.7% in the third quarter. Bessemer Group Inc. now owns 1,341 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 1,176 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Olin by 114.0% in the third quarter. Allworth Financial LP now owns 1,740 shares of the specialty chemicals company’s stock worth $43,000 after acquiring an additional 927 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Olin by 58.7% in the fourth quarter. Spire Wealth Management now owns 2,739 shares of the specialty chemicals company’s stock valued at $57,000 after buying an additional 1,013 shares during the period. Institutional investors own 88.67% of the company’s stock.

Insider Activity

In other Olin news, VP Angela M. Castle sold 2,379 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $24.25, for a total value of $57,690.75. Following the completion of the sale, the vice president owned 1,528 shares of the company’s stock, valued at $37,054. This represents a 60.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Olin Trading Down 0.0%

Shares of Olin stock opened at $26.84 on Monday. Olin Corporation has a 52-week low of $18.08 and a 52-week high of $30.46. The stock’s 50-day simple moving average is $26.79 and its 200 day simple moving average is $23.68. The stock has a market capitalization of $3.06 billion, a P/E ratio of -23.96 and a beta of 1.21. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.36.

Olin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, May 14th. Olin’s dividend payout ratio is presently -71.43%.

Key Stories Impacting Olin

Here are the key news stories impacting Olin this week:

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OLN shares. Zacks Research upgraded shares of Olin from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley reduced their price target on shares of Olin from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Mizuho lifted their price target on shares of Olin from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $26.00 price target on shares of Olin in a research report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Olin in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.67.

View Our Latest Research Report on Olin

Olin Company Profile

(Free Report)

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.

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Institutional Ownership by Quarter for Olin (NYSE:OLN)

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