Mangrove Partners IM LLC Takes Position in Olin Corporation $OLN

Posted by Francis Steltz on Jun 17th, 2026

Mangrove Partners IM LLC purchased a new stake in shares of Olin Corporation (NYSE:OLN – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 50,359 shares of the specialty chemicals company’s stock, valued at approximately $1,049,000.

A number of other large investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Olin by 5.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,690,488 shares of the specialty chemicals company’s stock valued at $317,135,000 after acquiring an additional 661,730 shares during the period. State Street Corp raised its holdings in shares of Olin by 1.1% during the second quarter. State Street Corp now owns 4,830,406 shares of the specialty chemicals company’s stock valued at $97,043,000 after acquiring an additional 50,309 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Olin by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,596,499 shares of the specialty chemicals company’s stock valued at $95,746,000 after acquiring an additional 145,424 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Olin by 17.5% during the fourth quarter. Pzena Investment Management LLC now owns 4,507,913 shares of the specialty chemicals company’s stock valued at $93,900,000 after acquiring an additional 671,250 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Olin by 1,063.0% during the third quarter. Millennium Management LLC now owns 2,486,702 shares of the specialty chemicals company’s stock valued at $62,143,000 after acquiring an additional 2,272,877 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OLN. Mizuho boosted their price target on shares of Olin from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “sell (d)” rating on shares of Olin in a report on Friday, May 22nd. Morgan Stanley boosted their price target on shares of Olin from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Truist Financial boosted their price objective on shares of Olin from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $37.00 price objective on shares of Olin in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.08.

Get Our Latest Analysis on Olin

Olin Stock Down 6.6%

Olin stock opened at $23.62 on Wednesday. The firm has a market cap of $2.69 billion, a PE ratio of -21.09 and a beta of 1.17. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.36. The firm’s 50 day moving average price is $26.77 and its two-hundred day moving average price is $24.71. Olin Corporation has a twelve month low of $18.08 and a twelve month high of $30.46.

Olin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, May 14th. Olin’s dividend payout ratio is currently -71.43%.

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.