Boston Partners Buys 714,940 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Boston Partners lifted its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 76.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,648,101 shares of the company's stock after purchasing an additional 714,940 shares during the quarter. Boston Partners owned about 0.42% of Blue Owl Capital worth $24,823,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in shares of Blue Owl Capital by 192.2% during the 4th 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 during the last quarter. National Bank of Canada FI grew its stake in shares of Blue Owl Capital by 144.7% during the third 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 during the last quarter. Westend Capital Management LLC increased 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 worth $73,000 after buying an additional 1,784 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $77,000. Finally, Canton Hathaway LLC bought a new position in Blue Owl Capital during the 4th quarter worth approximately $84,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Down 0.7 %

Shares of OBDC traded down $0.10 on Tuesday, reaching $15.15. The stock had a trading volume of 3,732,814 shares, compared to its average volume of 2,300,900. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 9.90 and a beta of 0.85. The company has a 50-day simple moving average of $15.03 and a 200-day simple moving average of $15.02.

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Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates 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%. Sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.32%. Blue Owl Capital's payout ratio is 96.73%.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

OBDC has been the subject of a number of analyst reports. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, JMP Securities reaffirmed 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, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.17.

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.