Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) Director Chris Temple acquired 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Blue Owl Capital Stock Performance
OBDC stock traded down $0.14 during trading on Wednesday, reaching $14.37. The stock had a trading volume of 5,671,310 shares, compared to its average volume of 2,191,424. The stock's 50 day moving average is $15.06 and its two-hundred day moving average is $15.03. The firm has a market cap of $7.34 billion, a PE ratio of 9.39 and a beta of 0.85. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.
Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Blue Owl Capital's dividend payout ratio (DPR) is 96.73%.
Wall Street Analyst Weigh In
OBDC has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.08.
Get Our Latest Stock Report on Blue Owl Capital
Hedge Funds Weigh In On Blue Owl Capital
Institutional investors have recently bought and sold shares of the stock. Palogic Value Management L.P. increased its position in Blue Owl Capital by 7.8% in the fourth quarter. Palogic Value Management L.P. now owns 117,536 shares of the company's stock worth $1,777,000 after buying an additional 8,553 shares in the last quarter. Liberty Square Wealth Partners LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $386,000. Ameriflex Group Inc. bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $541,000. Lantern Wealth Advisors LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $640,000. Finally, US Financial Advisors LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth approximately $163,000. 42.83% of the stock is owned by institutional investors.
Blue Owl Capital Company Profile
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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.
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