Bruce Greer, Vice President of Strategic Planning and IT at Olin Corporation (NYSE:OLN), disposed of 31,000 shares of Common Stock $1 par value yesterday. The sale was executed directly and for a weighted average sales price of $27.15 per share. The insider also exercised his use of employee stock options for his second large stock disposition of the fiscal year so far. Greer had unloaded 33,500 shares of the $2.09 billion market cap chemical product manufacturer at the end of April, receiving $27.90 per share.
On another note, last quarter showed some interesting movement amongst hedge funds. Jim Simons’ Renaissance Technologies decreased Olin’s portfolio participation by 17%, leaving the hedge fund with 868,000 shares, worth approximately $23.9 million. Meanwhile, Joel Greenblatt augmented the firm’s portfolio activity at his hedge fund, Gotham Asset Management, by 15% and now holds a total of 472,807 company shares, with an estimated value of $13 million. Paul Tudor Jones‘ Tudor Investment Corp also entered a new shareholding position, with 9,300 shares, worth $257,000.