Invesco Ltd. Has $3.72 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Invesco Ltd. increased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,208 shares of the company's stock after purchasing an additional 25,080 shares during the period. Invesco Ltd. owned approximately 0.06% of Blue Owl Capital worth $3,723,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Owl Capital during the third quarter worth approximately $283,000. Franklin Resources Inc. increased its position in shares of Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock valued at $11,116,000 after acquiring an additional 74,959 shares during the last quarter. Fortem Financial Group LLC boosted its position in Blue Owl Capital by 5.4% in the fourth quarter. Fortem Financial Group LLC now owns 95,885 shares of the company's stock worth $1,450,000 after purchasing an additional 4,916 shares during the last quarter. Sterneck Capital Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $256,000. Finally, Trinity Financial Advisors LLC grew its position in shares of Blue Owl Capital by 7.0% during the 4th quarter. Trinity Financial Advisors LLC now owns 945,289 shares of the company's stock valued at $14,784,000 after acquiring an additional 62,015 shares during the period. Institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of recent research reports. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Finally, Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $16.21.

Blue Owl Capital Trading Up 0.2 %

NYSE:OBDC opened at $14.27 on Monday. The company has a fifty day moving average of $14.45 and a 200 day moving average of $14.86. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91. The firm has a market capitalization of $7.29 billion, a P/E ratio of 9.33 and a beta of 0.73. 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 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 company 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%. On average, research analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's payout ratio is presently 96.73%.

Insider Buying and Selling

In related news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding OBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Co. (NYSE:OBDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.