Squarepoint Ops LLC Purchases 37,924 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Squarepoint Ops LLC lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 102.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 74,886 shares of the company's stock after acquiring an additional 37,924 shares during the period. Squarepoint Ops LLC's holdings in Blue Owl Capital were worth $1,150,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC grew its position in Blue Owl Capital by 27.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 682,157 shares of the company's stock valued at $10,478,000 after buying an additional 146,441 shares in the last quarter. Insigneo Advisory Services LLC grew its position in Blue Owl Capital by 1.7% in the 2nd quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company's stock valued at $978,000 after buying an additional 1,104 shares in the last quarter. Marshall Wace LLP bought a new position in Blue Owl Capital in the 2nd quarter valued at about $242,000. EverSource Wealth Advisors LLC grew its position in Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company's stock valued at $65,000 after buying an additional 3,580 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at about $212,000. Institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OBDC shares. Truist Financial decreased their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Friday, August 9th. 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. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Monday, August 12th. Raymond James downgraded shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. Finally, Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $15.94.

Blue Owl Capital Trading Up 0.7 %

Shares of OBDC traded up $0.11 during midday trading on Friday, hitting $14.81. The stock had a trading volume of 1,682,062 shares, compared to its average volume of 1,766,868. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The business has a 50-day simple moving average of $14.81 and a two-hundred day simple moving average of $15.48. The firm has a market cap of $5.77 billion, a P/E ratio of 7.48 and a beta of 0.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

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, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million during the quarter, compared to analysts' expectations of $388.84 million. As a group, equities analysts forecast that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.06 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, September 30th. Blue Owl Capital's dividend payout ratio (DPR) is currently 74.75%.

Insider Buying and Selling

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares in the company, valued at $135,420.32. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

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.