Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,584 shares of the company's stock after buying an additional 27,208 shares during the quarter. Legal & General Group Plc owned approximately 0.10% of Blue Owl Capital worth $5,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fifth Third Bancorp lifted its holdings in Blue Owl Capital by 192.2% during the fourth 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 in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $48,000. Westend Capital Management LLC lifted its stake 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 buying an additional 1,784 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Blue Owl Capital in the 4th quarter worth about $76,000. Finally, Venturi Wealth Management LLC acquired a new stake in Blue Owl Capital in the 4th quarter worth about $77,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Trading Up 1.5 %

OBDC stock traded up $0.21 during trading on Wednesday, reaching $14.00. 2,901,238 shares of the stock were exchanged, compared to its average volume of 2,557,697. The business has a 50 day moving average price of $14.53 and a 200-day moving average price of $14.88. Blue Owl Capital Co. has a 1 year low of $12.11 and a 1 year 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. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 9.15 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million for the quarter, compared to analysts' expectations 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.43%. Blue Owl Capital's dividend payout ratio (DPR) is currently 96.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OBDC. Keefe, Bruyette & Woods decreased their target price on 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. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Jefferies Financial Group started 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 for the company. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.21.

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.