Hotchkis & Wiley Takes 10.9% Stake in Olin Corp (OLN)

TL;DR

**Hotchkis & Wiley just revealed a 10.9% stake in Olin Corp, a bullish signal.**

AI Summary

Hotchkis & Wiley Capital Management LLC, an investment advisor based in Los Angeles, CA, reported owning 5,888,900 shares of Olin Corporation (OLN) common stock as of December 31, 2023. This represents a 10.9% stake in the chemical company. This matters to investors because it signals a significant institutional investor sees value in Olin, potentially indicating confidence in its future performance or a belief that the stock is undervalued.

Why It Matters

A substantial stake by a major investment firm like Hotchkis & Wiley can be seen as a vote of confidence, potentially attracting other investors and influencing Olin's stock price positively.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk due to professional due diligence.

Analyst Insight

A smart investor would research Hotchkis & Wiley's investment thesis for Olin and consider if their own investment goals align, potentially seeing this as a signal to further investigate OLN as a buy.

Key Numbers

• 5,888,900 — Shares Owned (Total shares of Olin Corporation common stock beneficially owned by Hotchkis & Wiley Capital Management LLC.)
• 10.9% — Ownership Percentage (The percentage of Olin Corporation's common stock owned by Hotchkis & Wiley Capital Management LLC.)
• 680665205 — CUSIP Number (Unique identifier for Olin Corporation's common stock.)

Key Players & Entities

• Hotchkis & Wiley Capital Management LLC (company) — the reporting person and investment advisor
• Olin Corporation (company) — the subject company (issuer)
• 5,888,900 (dollar_amount) — shares beneficially owned by Hotchkis & Wiley
• 10.9% (dollar_amount) — percentage of Olin's class of securities owned by Hotchkis & Wiley
• December 31, 2023 (person) — date of the event requiring the filing

Forward-Looking Statements

• Olin Corporation's stock price may experience a positive sentiment boost due to this significant institutional investment. (OLN) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $1.00 — tion (Name of Issuer) Common Stock, $1.00 par value per share (Title of Class o

Filing Documents

• hotchkiswiley-oln123123.htm (SC 13G) — 52KB
• 0001172661-24-000832.txt ( ) — 54KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Olin Corporation (b)Address of Issuer’s Principal Executive Offices 190 Carondelet Plaza, Suite 1530 Clayton, MO 63105

(a)Name of Person Filing

Item 2. (a)Name of Person Filing Hotchkis and Wiley Capital Management, LLC (b)Address of Principal Business Office, or, if none, Residence 601 S. Figueroa Street, 39th Fl Los Angeles, CA 90017 (c)Citizenship Delaware (d)Title of Class of Securities Common Stock, $1.00 par value per share (e) CUSIP No.: 680665205 CUSIP No. 680665205 SCHEDULE 13G Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 680665205 SCHEDULE 13G Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 6,602,331 (b) Percent of class: 5.39% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 6,259,931 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 6,602,331 (iv) Shared power to dispose or to direct the disposition of: 0 Note that certain of HWCM's clients have retained voting power over the Common Shares that they beneficially own. Accordingly, HWCM has

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