Regents Gate Capital LLP Purchases Shares of 54,252 Olin Co. (NYSE:OLN)

Regents Gate Capital LLP acquired a new position in shares of Olin Co. (NYSE:OLN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 54,252 shares of the specialty chemicals company's stock, valued at approximately $1,834,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC boosted its position in Olin by 24.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,452,708 shares of the specialty chemicals company's stock worth $165,661,000 after purchasing an additional 685,710 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in Olin by 6.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,838,988 shares of the specialty chemicals company's stock worth $424,095,000 after purchasing an additional 531,330 shares during the period. Verition Fund Management LLC boosted its position in Olin by 70.9% during the 3rd quarter. Verition Fund Management LLC now owns 544,814 shares of the specialty chemicals company's stock worth $26,140,000 after purchasing an additional 225,930 shares during the period. Franklin Resources Inc. boosted its position in Olin by 19.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,073,087 shares of the specialty chemicals company's stock worth $51,015,000 after purchasing an additional 172,768 shares during the period. Finally, Holocene Advisors LP boosted its position in Olin by 504.9% during the 3rd quarter. Holocene Advisors LP now owns 167,186 shares of the specialty chemicals company's stock worth $8,022,000 after purchasing an additional 139,549 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OLN has been the subject of a number of research reports. KeyCorp decreased their price target on shares of Olin from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Piper Sandler cut shares of Olin from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $41.00 to $33.00 in a research report on Thursday. Bank of America raised shares of Olin from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $48.00 to $40.00 in a research report on Tuesday, January 14th. UBS Group decreased their price objective on shares of Olin from $35.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Olin from $40.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.44.

Insider Buying and Selling

In other Olin news, CEO Kenneth Todd Lane acquired 7,250 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $28.06 per share, for a total transaction of $203,435.00. Following the completion of the purchase, the chief executive officer now directly owns 7,250 shares in the company, valued at $203,435. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Olin Stock Down 0.2 %

Shares of OLN stock traded down $0.06 during trading hours on Thursday, hitting $27.92. 1,541,269 shares of the company were exchanged, compared to its average volume of 1,875,678. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27. Olin Co. has a one year low of $26.48 and a one year high of $60.60. The business's 50-day simple moving average is $33.17 and its two-hundred day simple moving average is $39.97. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 0.91 and a beta of 1.45.

Olin (NYSE:OLN - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.10. Olin had a net margin of 1.66% and a return on equity of 5.10%. Sell-side analysts predict that Olin Co. will post 1.83 EPS for the current fiscal year.

Olin announced that its board has authorized a stock repurchase program on Thursday, December 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to buy up to 45% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Olin 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.