Generali Asset Management SPA SGR Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Generali Asset Management SPA SGR purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,255,478 shares of the company's stock, valued at approximately $34,103,000. Blue Owl Capital accounts for 0.9% of Generali Asset Management SPA SGR's portfolio, making the stock its 20th biggest holding. Generali Asset Management SPA SGR owned 0.58% of Blue Owl Capital at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after acquiring an additional 1,922 shares in the last quarter. National Bank of Canada FI increased its stake in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock valued at $61,000 after buying an additional 2,460 shares during the period. Westend Capital Management LLC grew its stake in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after purchasing an additional 1,784 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth approximately $77,000. Finally, Canton Hathaway LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth approximately $84,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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Blue Owl Capital Price Performance

NYSE:OBDC traded down $0.06 during mid-day trading on Friday, reaching $15.02. The stock had a trading volume of 10,922,128 shares, compared to its average volume of 2,283,690. The firm has a 50 day moving average price of $15.02 and a two-hundred day moving average price of $15.01. The stock has a market capitalization of $7.67 billion, a P/E ratio of 9.81 and a beta of 0.85. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. As a group, analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's payout ratio is currently 96.73%.

Analyst Ratings Changes

Several analysts have commented on OBDC shares. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.17.

Insiders Place Their Bets

In other news, Director Chris Temple bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company's stock.

Blue Owl Capital Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.