London Co Of Virginia Has Lowered Its Olin (OLN) Position; Newstar Financial (NEWS) Sentiment Is 1.63

November 15, 2017 - By Peter Erickson

NewStar Financial, Inc. is a commercial finance company. The company has market cap of $491.60 million. The Firm operates through two divisions: Commercial Lending and Asset Management. It has a 25.02 P/E ratio. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies.

London Co Of Virginia decreased Olin Corp (OLN) stake by 23.73% reported in 2017Q2 SEC filing. London Co Of Virginia sold 997,703 shares as Olin Corp (OLN)’s stock rose 1.10%. The London Co Of Virginia holds 3.21M shares with $97.11M value, down from 4.20M last quarter. Olin Corp now has $5.87B valuation. The stock declined 0.93% or $0.33 reaching $35.27 per share. About 73,188 shares traded. Olin Corporation (NYSE:OLN) has risen 51.90% since November 15, 2016 and is uptrending. It has outperformed by 35.20% the S&P500.

Among 11 analysts covering Olin Corporation (NYSE:OLN), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Olin Corporation had 36 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, September 2 by UBS. Cowen & Co upgraded Olin Corporation (NYSE:OLN) on Tuesday, June 28 to “Outperform” rating. On Tuesday, September 5 the stock rating was maintained by RBC Capital Markets with “Buy”. On Wednesday, June 28 the stock rating was maintained by Cowen & Co with “Buy”. Cowen & Co maintained Olin Corporation (NYSE:OLN) on Friday, February 10 with “Outperform” rating. The stock has “Buy” rating by Cowen & Co on Friday, October 6. On Monday, May 8 the stock rating was initiated by Bank of America with “Buy”. The stock of Olin Corporation (NYSE:OLN) earned “Buy” rating by RBC Capital Markets on Tuesday, October 17. The stock of Olin Corporation (NYSE:OLN) has “Neutral” rating given on Tuesday, November 3 by UBS. Longbow downgraded the shares of OLN in report on Wednesday, September 7 to “Underperform” rating.

Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.12, from 0.95 in 2017Q1. It is positive, as 44 investors sold OLN shares while 91 reduced holdings. 48 funds opened positions while 96 raised stakes. 151.38 million shares or 0.97% less from 152.85 million shares in 2017Q1 were reported. Blackrock Inc has invested 0.03% in Olin Corporation (NYSE:OLN). 17,143 were accumulated by Td Asset Mgmt Inc. Texas Permanent School Fund owns 121,124 shares for 0.05% of their portfolio. Geode Mngmt Ltd Liability Corp owns 1.32 million shares. Huntington Natl Bank holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 1,890 shares. Rbf Capital Llc reported 0.24% of its portfolio in Olin Corporation (NYSE:OLN). 14,664 are owned by Alpha Windward Lc. Messner Smith Theme Value Inv Management Limited Ca invested in 1.72% or 32,565 shares. Howard Hughes Institute invested in 0.19% or 34,101 shares. Atlantic Limited Liability Company reported 0% in Olin Corporation (NYSE:OLN). Kings Point Mngmt accumulated 450 shares. Gabelli Funds Limited Liability Co has invested 0.04% in Olin Corporation (NYSE:OLN). Driehaus Mngmt Ltd Liability Com holds 0.02% in Olin Corporation (NYSE:OLN) or 21,990 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0.04% in Olin Corporation (NYSE:OLN). Hartford Fincl reported 400 shares.

London Co Of Virginia increased Paychex Inc (NASDAQ:PAYX) stake by 92,590 shares to 3.79 million valued at $216.02M in 2017Q2. It also upped Lowes Cos Inc (NYSE:LOW) stake by 20,759 shares and now owns 2.94M shares. General Dynamics Corp (NYSE:GD) was raised too.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on January, 30. They expect $0.40 EPS, up 29.03% or $0.09 from last year’s $0.31 per share. OLN’s profit will be $66.57 million for 22.04 P/E if the $0.40 EPS becomes a reality. After $0.35 actual EPS reported by Olin Corporation for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Analysts await NewStar Financial Inc (NASDAQ:NEWS) to report earnings on February, 13. They expect $0.14 EPS, down 39.13% or $0.09 from last year’s $0.23 per share. NEWS’s profit will be $5.82 million for 21.13 P/E if the $0.14 EPS becomes a reality. After $0.11 actual EPS reported by NewStar Financial Inc for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

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