Voss Capital LLC Has $7.66 Million Stake in Olin Co. (NYSE:OLN)

Voss Capital LLC boosted its position in shares of Olin Co. (NYSE:OLN - Get Rating) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,772 shares of the specialty chemicals company's stock after acquiring an additional 17,849 shares during the period. Olin accounts for 1.5% of Voss Capital LLC's investment portfolio, making the stock its 16th biggest holding. Voss Capital LLC owned approximately 0.11% of Olin worth $7,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in Olin in the first quarter valued at about $26,000. Bessemer Group Inc. acquired a new position in Olin in the third quarter valued at approximately $27,000. Quadrant Capital Group LLC raised its holdings in Olin by 52.2% in the third quarter. Quadrant Capital Group LLC now owns 985 shares of the specialty chemicals company's stock worth $42,000 after purchasing an additional 338 shares during the period. Huntington National Bank raised its holdings in Olin by 50,000.0% in the third quarter. Huntington National Bank now owns 1,002 shares of the specialty chemicals company's stock worth $43,000 after purchasing an additional 1,000 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Olin in the first quarter worth $53,000. Institutional investors and hedge funds own 85.77% of the company's stock.

A number of brokerages recently commented on OLN. StockNews.com lowered shares of Olin from a "buy" rating to a "hold" rating in a report on Friday, May 26th. Piper Sandler decreased their target price on shares of Olin from $83.00 to $80.00 in a research report on Tuesday, May 2nd. Royal Bank of Canada raised their target price on shares of Olin from $74.00 to $76.00 in a research report on Monday, May 1st. Finally, Stifel Nicolaus raised their target price on shares of Olin from $89.00 to $90.00 in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.67.

Shares of NYSE OLN traded down $0.91 during mid-day trading on Monday, reaching $50.44. 896,017 shares of the company were exchanged, compared to its average volume of 1,409,681. The company's 50-day simple moving average is $54.20 and its 200-day simple moving average is $55.74. The company has a quick ratio of 0.84, a current ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $6.52 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.92 and a beta of 1.45. Olin Co. has a twelve month low of $41.33 and a twelve month high of $66.53.

Olin (NYSE:OLN - Get Rating) last issued its quarterly earnings data on Friday, April 28th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.12). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $2.05 billion. Olin had a return on equity of 42.24% and a net margin of 12.45%. Olin's revenue for the quarter was down 25.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 EPS. As a group, research analysts predict that Olin Co. will post 5.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 10th. Olin's dividend payout ratio (DPR) is presently 10.62%.

Olin Corp. engages in manufacturing of chemicals products. It operates through the following 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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