Jade Capital Advisors LLC Makes New Investment in Olin Co. (NYSE:OLN)

Jade Capital Advisors LLC bought a new position in shares of Olin Co. (NYSE:OLN - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the specialty chemicals company's stock, valued at approximately $1,200,000.

A number of other large investors also recently modified their holdings of the business. LRI Investments LLC bought a new position in Olin in the first quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its position in Olin by 4,375.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 525 shares during the period. nVerses Capital LLC bought a new position in Olin during the 2nd quarter worth $33,000. Denver PWM LLC acquired a new stake in Olin in the second quarter worth $59,000. Finally, Mather Group LLC. lifted its stake in Olin by 1,364.4% in the second quarter. Mather Group LLC. now owns 1,274 shares of the specialty chemicals company's stock valued at $60,000 after buying an additional 1,187 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OLN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Olin from $57.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, July 29th. Wells Fargo & Company cut their price target on Olin from $50.00 to $48.00 and set an "equal weight" rating on the stock in a report on Monday, July 29th. The Goldman Sachs Group decreased their price objective on Olin from $55.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, July 29th. Barclays cut their target price on Olin from $59.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, July 29th. Finally, KeyCorp decreased their price target on Olin from $62.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Olin has an average rating of "Hold" and an average price target of $52.40.

Olin Price Performance

Shares of NYSE:OLN traded up $0.03 on Tuesday, reaching $45.76. 1,115,193 shares of the company traded hands, compared to its average volume of 1,138,185. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.43 and a quick ratio of 0.82. The stock has a market capitalization of $5.46 billion, a PE ratio of 16.45, a P/E/G ratio of 1.03 and a beta of 1.41. The company's 50 day moving average is $44.57 and its 200-day moving average is $48.46. Olin Co. has a fifty-two week low of $39.47 and a fifty-two week high of $60.60.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.08). The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. Olin had a net margin of 4.26% and a return on equity of 11.73%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 EPS. As a group, analysts anticipate that Olin Co. will post 1.61 earnings per share for the current fiscal year.

Olin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.75%. Olin's dividend payout ratio (DPR) is presently 28.78%.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. 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, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.