Tortoise Capital Advisors Increased Olin (OLN) Position By $573,630; Dime Community Bancshares Has 0.81 Sentiment

December 12, 2017 - By Michael Collier

Dime Community Bancshares, Inc. operates as the unitary savings bank holding firm for Dime Community Bank that provides financial services and loans for housing in New York. The company has market cap of $785.88 million. It accepts deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit. It has a 21.13 P/E ratio. The firm also offers multifamily residential and commercial real estate loans; small investment property loans; one- to four-family residential and condominium/cooperative apartment loans; home equity and improvement loans; equity lines of credit on multifamily residential and commercial real estate loans; and commercial and industrial loans, including acquisition, land development and construction loans, finance loans and leases, and small business administration loans.

Tortoise Capital Advisors Llc increased Olin Corp (OLN) stake by 45526.19% reported in 2017Q2 SEC filing. Tortoise Capital Advisors Llc acquired 19,121 shares as Olin Corp (OLN)’s stock rose 1.10%. The Tortoise Capital Advisors Llc holds 19,163 shares with $580,000 value, up from 42 last quarter. Olin Corp now has $5.80B valuation. The stock increased 0.17% or $0.06 during the last trading session, reaching $34.85. About 1.77 million shares traded or 5.49% up from the average. Olin Corporation (NYSE:OLN) has risen 51.90% since December 12, 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 stock has “Outperform” rating by RBC Capital Markets on Thursday, February 4. The stock of Olin Corporation (NYSE:OLN) earned “Outperform” rating by Cowen & Co on Friday, February 10. Susquehanna upgraded the shares of OLN in report on Thursday, August 6 to “Positive” rating. The firm earned “Outperform” rating on Friday, July 29 by Cowen & Co. The firm has “Neutral” rating given on Wednesday, September 2 by UBS. Cowen & Co maintained the shares of OLN in report on Friday, October 6 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, June 28 by Cowen & Co. Bank of America initiated Olin Corporation (NYSE:OLN) on Monday, May 8 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, August 1. The stock of Olin Corporation (NYSE:OLN) earned “Underperform” rating by Longbow on Wednesday, September 7.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.12, from 1.07 in 2017Q1. It fall, 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. Jane Street Gru Incorporated Ltd Limited Liability Company owns 262,917 shares. Hancock stated it has 0.04% of its portfolio in Olin Corporation (NYSE:OLN). Next Financial Grp reported 1,613 shares. Moreover, Legal General Grp Public Limited Co has 0% invested in Olin Corporation (NYSE:OLN) for 185,528 shares. Moreover, Comerica Bank has 0.2% invested in Olin Corporation (NYSE:OLN) for 846,175 shares. Old Mutual Customised Solutions (Proprietary) reported 0.02% in Olin Corporation (NYSE:OLN). Alliancebernstein Lp reported 227,673 shares stake. Engineers Gate Manager LP reported 0.03% stake. Bnp Paribas Arbitrage Sa has invested 0.01% in Olin Corporation (NYSE:OLN). Scopus Asset Mngmt LP reported 125,000 shares. State Street reported 6.90 million shares. Cordasco reported 0.02% stake. Invesco invested 0% of its portfolio in Olin Corporation (NYSE:OLN). Hanseatic Management Ser reported 79 shares. Bb&T Limited Liability Com holds 0.01% of its portfolio in Olin Corporation (NYSE:OLN) for 34,152 shares.

Tortoise Capital Advisors Llc decreased Pembina Pipeline Corp (NYSE:PBA) stake by 63,085 shares to 4.49M valued at $148.68 million in 2017Q2. It also reduced Energy Transfer Equity LP (NYSE:ETE) stake by 2.53M shares and now owns 33.39 million shares. Noble Energy Inc (NYSE:NBL) was reduced too.

Analysts await Dime Community Bancshares, Inc. (NASDAQ:DCOM) to report earnings on January, 25. They expect $0.35 earnings per share, up 6.06% or $0.02 from last year’s $0.33 per share. DCOM’s profit will be $13.10M for 15.00 P/E if the $0.35 EPS becomes a reality. After $0.33 actual earnings per share reported by Dime Community Bancshares, Inc. for the previous quarter, Wall Street now forecasts 6.06% EPS growth.

Polaris Capital Management Llc holds 1.03% of its portfolio in Dime Community Bancshares, Inc. for 896,889 shares. Maltese Capital Management Llc owns 220,000 shares or 0.41% of their US portfolio. Moreover, Foundry Partners Llc has 0.25% invested in the company for 308,480 shares. The New York-based Ulysses Management Llc has invested 0.25% in the stock. Systematic Financial Management Lp, a New Jersey-based fund reported 515,185 shares.

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