Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,659,781 shares of the company's stock after selling 77,500 shares during the quarter. LSV Asset Management owned 1.19% of Blue Owl Capital worth $70,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OBDC. Fifth Third Bancorp grew its holdings in shares of Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after acquiring an additional 1,922 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Blue Owl Capital in the fourth quarter worth approximately $48,000. National Bank of Canada FI lifted 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 purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC boosted its stake in shares of Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $76,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.5 %

OBDC stock traded up $0.07 during trading on Wednesday, hitting $13.78. 1,090,832 shares of the company traded hands, compared to its average volume of 2,533,498. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a 1 year low of $12.11 and a 1 year high of $16.91. The firm has a market capitalization of $7.04 billion, a PE ratio of 9.01 and a beta of 0.73. The company has a 50-day moving average of $14.67 and a 200-day moving average of $14.91.

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, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's payout ratio is 96.73%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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 stock from $14.00 to $15.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, 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 for the company. Three investment 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 stock. According to MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $16.21.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently 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.