Bank of New York Mellon Corp Acquires 41,172 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Bank of New York Mellon Corp raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 104.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,539 shares of the company's stock after purchasing an additional 41,172 shares during the quarter. Bank of New York Mellon Corp's holdings in Blue Owl Capital were worth $1,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $976,000. WESPAC Advisors LLC increased its position in Blue Owl Capital by 6.1% during the 4th quarter. WESPAC Advisors LLC now owns 113,962 shares of the company's stock worth $1,723,000 after buying an additional 6,576 shares during the period. Ieq Capital LLC bought a new position in Blue Owl Capital during the 4th quarter worth $1,010,000. Pasadena Private Wealth LLC lifted its holdings in shares of Blue Owl Capital by 79.6% during the fourth quarter. Pasadena Private Wealth LLC now owns 34,395 shares of the company's stock worth $520,000 after buying an additional 15,244 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in shares of Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after acquiring an additional 685 shares during the period. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

NYSE OBDC traded down $0.27 on Friday, hitting $15.05. 3,046,054 shares of the company's stock were exchanged, compared to its average volume of 2,343,293. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The stock has a 50-day moving average of $15.05 and a 200-day moving average of $15.02. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 9.83 and a beta of 0.85.

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Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. 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. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Analysts Set New Price Targets

Several brokerages have weighed in on OBDC. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. 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 company's stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus target price of $16.17.

Insider Buying and Selling

In other news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

About Blue Owl Capital

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.