DnB Asset Management AS Has $7.75 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

DnB Asset Management AS lifted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 51.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 512,252 shares of the company's stock after purchasing an additional 174,742 shares during the period. DnB Asset Management AS owned about 0.13% of Blue Owl Capital worth $7,745,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after buying an additional 1,922 shares during the last quarter. National Bank of Canada FI lifted its stake in 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 worth $61,000 after purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC increased its stake in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock valued at $73,000 after purchasing an additional 1,784 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $76,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth about $77,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Chris Temple purchased 15,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OBDC shares. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Wells Fargo & Company upgraded Blue Owl Capital from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. Three equities 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. According to MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and an average price target of $16.17.

Blue Owl Capital Price Performance

OBDC traded down $0.26 during trading on Thursday, reaching $14.52. The stock had a trading volume of 1,825,635 shares, compared to its average volume of 3,542,039. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 9.49 and a beta of 0.85. The stock has a 50 day moving average of $15.04 and a two-hundred day moving average of $15.03. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. As a group, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital's dividend payout ratio is presently 96.73%.

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.