Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 575,230 shares of the company's stock after buying an additional 51,075 shares during the period. Rockefeller Capital Management L.P. owned 0.15% of Blue Owl Capital worth $8,697,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OBDC. Generali Asset Management SPA SGR acquired a new position in Blue Owl Capital in the 4th quarter valued at about $34,103,000. Raymond James Financial Inc. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $28,434,000. Boston Partners lifted its holdings in Blue Owl Capital by 76.6% in the fourth quarter. Boston Partners now owns 1,648,101 shares of the company's stock valued at $24,823,000 after acquiring an additional 714,940 shares during the last quarter. Sound Income Strategies LLC grew its position in Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock worth $45,727,000 after acquiring an additional 182,002 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after acquiring an additional 174,759 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OBDC has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $16.21.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.32 during mid-day trading on Friday, reaching $13.85. 2,907,813 shares of the company's stock were exchanged, compared to its average volume of 2,555,559. The company has a 50-day simple moving average of $14.59 and a two-hundred day simple moving average of $14.89. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.73. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data 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. The business 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%. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio is currently 96.73%.

Blue Owl Capital Company 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.