CANADA LIFE ASSURANCE Co Has $4.80 Million Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

CANADA LIFE ASSURANCE Co decreased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,905 shares of the company's stock after selling 21,746 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Blue Owl Capital worth $4,803,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in Blue Owl Capital by 192.2% in 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. Anchor Investment Management LLC boosted its position in shares of Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after buying an additional 1,500 shares during the period. Brown Brothers Harriman & Co. bought a new position in Blue Owl Capital in the 4th quarter worth approximately $48,000. Westend Capital Management LLC increased its position in Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock valued at $73,000 after acquiring an additional 1,784 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $76,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.16 on Tuesday, reaching $14.19. 1,400,338 shares of the company traded hands, compared to its average volume of 2,557,327. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a market capitalization of $7.25 billion, a PE ratio of 9.27 and a beta of 0.73. The company's 50 day moving average is $14.43 and its 200-day moving average is $14.86. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.38% and a net margin of 37.26%. As a group, analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is currently 96.73%.

Insider Activity

In other Blue Owl Capital 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 purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. This represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OBDC. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.07.

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.