Capital Fund Management S.A. Sells 133,506 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Capital Fund Management S.A. decreased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 231,723 shares of the company's stock after selling 133,506 shares during the quarter. Capital Fund Management S.A. owned about 0.06% of Blue Owl Capital worth $3,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors increased its stake in Blue Owl Capital by 78.3% in the third quarter. Captrust Financial Advisors now owns 22,389 shares of the company's stock valued at $326,000 after purchasing an additional 9,833 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Blue Owl Capital by 144.7% in the 3rd 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 period. MML Investors Services LLC increased its position in Blue Owl Capital by 24.3% in the 3rd quarter. MML Investors Services LLC now owns 28,277 shares of the company's stock valued at $412,000 after buying an additional 5,533 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Blue Owl Capital by 112.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,719 shares of the company's stock worth $185,000 after buying an additional 6,738 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Blue Owl Capital by 4.7% in the third quarter. Sanctuary Advisors LLC now owns 175,305 shares of the company's stock valued at $2,668,000 after acquiring an additional 7,897 shares during the period. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of OBDC traded up $0.32 on Friday, reaching $13.85. 2,907,813 shares of the company's stock traded hands, compared to its average volume of 2,554,268. The stock's 50 day simple moving average is $14.59 and its two-hundred day simple moving average is $14.89. The stock has a market cap of $7.08 billion, a PE ratio of 9.05 and a beta of 0.73. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm 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%. On average, analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Analyst Ratings Changes

OBDC has been the topic of a number of research reports. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.21.

Insider Activity

In other news, Director Chris Temple acquired 15,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

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.