Blue Owl Capital Co. (NYSE:OBDC) Short Interest Update

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 5,940,000 shares, a decrease of 39.3% from the December 31st total of 9,790,000 shares. Approximately 1.3% of the company's stock are short sold. Based on an average daily volume of 2,040,000 shares, the short-interest ratio is presently 2.9 days.

Blue Owl Capital Stock Up 0.1 %

NYSE OBDC traded up $0.02 during trading on Tuesday, hitting $15.10. The stock had a trading volume of 4,089,768 shares, compared to its average volume of 3,039,102. The company has a market capitalization of $5.89 billion, a PE ratio of 9.38 and a beta of 0.83. Blue Owl Capital has a 12 month low of $13.98 and a 12 month high of $16.91. The company's 50-day moving average price is $15.11 and its two-hundred day moving average price is $14.99. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million for the quarter, compared to analyst estimates of $399.85 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. As a group, sell-side analysts forecast that Blue Owl Capital will post 1.89 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.80%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, December 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 91.93%.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its position in Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company's stock valued at $112,754,000 after acquiring an additional 347,155 shares during the last quarter. Stephens Inc. AR raised its stake in Blue Owl Capital by 3.3% during the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock valued at $50,294,000 after buying an additional 106,722 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after acquiring an additional 182,002 shares during the period. Sage Advisors LLC increased its stake in Blue Owl Capital by 3.9% in the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock worth $31,379,000 after buying an additional 78,403 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Blue Owl Capital by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company's stock valued at $26,659,000 after buying an additional 24,425 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OBDC shares. JMP Securities lifted their price objective on shares of Blue Owl Capital from $16.50 to $17.00 and gave the company a "market outperform" rating in a research note on Tuesday. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $16.08.

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.