JPMorgan Chase & Co. Buys 174,759 Shares of Blue Owl Capital Co. (NYSE:OBDC)

JPMorgan Chase & Co. increased its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,436,706 shares of the company's stock after purchasing an additional 174,759 shares during the period. JPMorgan Chase & Co. owned 0.62% of Blue Owl Capital worth $36,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after purchasing an additional 1,922 shares in the last quarter. National Bank of Canada FI grew its holdings 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 in the last quarter. Westend Capital Management LLC grew its holdings in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock valued at $73,000 after purchasing an additional 1,784 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Blue Owl Capital in the fourth quarter worth $76,000. Finally, Venturi Wealth Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at $77,000. 42.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by company insiders.

Blue Owl Capital Trading Up 1.4 %

Shares of NYSE OBDC traded up $0.19 during midday trading on Friday, hitting $13.28. The company's stock had a trading volume of 7,451,451 shares, compared to its average volume of 2,519,685. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month 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. The firm has a market cap of $6.78 billion, a P/E ratio of 8.68 and a beta of 0.73. The business's 50 day moving average is $14.73 and its two-hundred day moving average is $14.93.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million during the quarter, compared to analyst estimates 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 research analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 1.51%. Blue Owl Capital's dividend payout ratio (DPR) is currently 96.73%.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of research reports. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods dropped their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday. Wells Fargo & Company upgraded Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday. They issued a "buy" rating and a $16.00 target price for the company. Finally, JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.21.

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.