Blue Owl Capital Co. (NYSE:OBDC) Short Interest Up 54.5% in March

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 5,160,000 shares, an increase of 54.5% from the February 28th total of 3,340,000 shares. Currently, 1.1% of the company's shares are sold short. Based on an average daily trading volume, of 3,490,000 shares, the days-to-cover ratio is currently 1.5 days.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $16.17.

Blue Owl Capital Stock Down 1.8 %

NYSE:OBDC traded down $0.26 during midday trading on Thursday, reaching $14.52. The company had a trading volume of 3,326,346 shares, compared to its average volume of 2,352,494. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91. The stock's fifty day simple moving average is $15.04 and its 200-day simple moving average is $15.03. 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 capitalization of $7.42 billion, a price-to-earnings ratio of 9.49 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for 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 anticipate that Blue Owl Capital will post 1.71 earnings per share for the current fiscal 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 given a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently bought and sold shares of OBDC. Atria Wealth Solutions Inc. boosted its position in shares of Blue Owl Capital by 1.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after purchasing an additional 685 shares during the period. Amplius Wealth Advisors LLC lifted its stake in Blue Owl Capital by 1.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock valued at $615,000 after buying an additional 702 shares during the last quarter. Channel Wealth LLC boosted its holdings in shares of Blue Owl Capital by 1.9% in the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock valued at $673,000 after acquiring an additional 823 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Blue Owl Capital by 9.5% in the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after acquiring an additional 1,321 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

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.