Franklin Resources Inc. Increases Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Franklin Resources Inc. lifted its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881,181 shares of the company's stock after acquiring an additional 139,140 shares during the quarter. Franklin Resources Inc. owned approximately 0.23% of Blue Owl Capital worth $13,323,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Captrust Financial Advisors lifted 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 during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Blue Owl Capital by 18.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,259 shares of the company's stock worth $193,000 after acquiring an additional 2,052 shares during the period. Stifel Financial Corp increased its holdings in Blue Owl Capital by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 878,953 shares of the company's stock worth $12,806,000 after acquiring an additional 69,042 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Blue Owl Capital by 69.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 16,900 shares of the company's stock worth $246,000 after acquiring an additional 6,900 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings 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 valued at $61,000 after purchasing an additional 2,460 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OBDC. Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday. They set a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday. Finally, JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.21.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Blue Owl Capital Price Performance

Shares of OBDC stock traded up $0.19 on Friday, reaching $13.28. The company's stock had a trading volume of 7,451,451 shares, compared to its average volume of 2,519,685. The company has a market capitalization of $6.78 billion, a P/E ratio of 8.68 and a beta of 0.73. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.91. The stock's 50 day simple moving average is $14.73 and its 200-day simple moving average is $14.93. 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 issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million during the quarter, compared to the consensus estimate 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, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.51%. Blue Owl Capital's dividend payout ratio is 96.73%.

Blue Owl Capital 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.