Mariner LLC Has $17.83 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Mariner LLC raised its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,179,037 shares of the company's stock after purchasing an additional 93,535 shares during the period. Mariner LLC owned approximately 0.30% of Blue Owl Capital worth $17,827,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock valued at $61,000 after acquiring an additional 2,460 shares during the period. MML Investors Services LLC boosted its position in Blue Owl Capital by 24.3% in the third quarter. MML Investors Services LLC now owns 28,277 shares of the company's stock valued at $412,000 after buying an additional 5,533 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Blue Owl Capital by 4.7% during the third quarter. Sanctuary Advisors LLC now owns 175,305 shares of the company's stock worth $2,668,000 after buying an additional 7,897 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Blue Owl Capital in the third quarter valued at approximately $283,000. Finally, Franklin Resources Inc. grew its position in Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after acquiring an additional 74,959 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

Blue Owl Capital Trading Up 1.8 %

Shares of Blue Owl Capital stock traded up $0.25 during trading on Tuesday, reaching $13.74. 312,693 shares of the company were exchanged, compared to its average volume of 3,975,610. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $16.91. The business has a 50-day moving average price of $14.56 and a 200-day moving average price of $14.89. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 8.98 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly 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 analysts' expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Sell-side analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's dividend payout ratio is currently 96.73%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OBDC shares. Wells Fargo & Company upgraded 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. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group assumed coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price 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.