Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 27.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 682,157 shares of the company's stock after buying an additional 146,441 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.18% of Blue Owl Capital worth $10,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stephens Inc. AR acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $45,575,000. Van ECK Associates Corp raised its holdings in Blue Owl Capital by 19.4% in the 1st quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company's stock valued at $125,355,000 after acquiring an additional 1,326,277 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $16,207,000. Boston Partners acquired a new stake in Blue Owl Capital in the 1st quarter valued at about $15,010,000. Finally, Stifel Financial Corp acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $13,333,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio purchased 2,500 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Stock Performance

OBDC traded up $0.07 on Thursday, reaching $14.89. The company had a trading volume of 1,644,252 shares, compared to its average volume of 1,998,521. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91. The stock has a market capitalization of $5.80 billion, a PE ratio of 7.48 and a beta of 0.87. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a 50-day moving average price of $14.91 and a 200-day moving average price of $15.50.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The business had revenue of $396.76 million during the quarter, compared to analysts' expectations of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.93 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.06 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. Blue Owl Capital's dividend payout ratio is presently 74.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a report on Tuesday, August 20th. Raymond James cut shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $15.50 to $14.00 and set an "underweight" rating for the company in a research report on Friday, August 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.94.

Blue Owl Capital Company 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.