Townsquare Capital LLC Has $1.22 Million Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Townsquare Capital LLC lowered its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,830 shares of the company's stock after selling 19,713 shares during the quarter. Townsquare Capital LLC's holdings in Blue Owl Capital were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Stephens Inc. AR raised its holdings in shares of Blue Owl Capital by 3.3% during the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock valued at $50,294,000 after acquiring an additional 106,722 shares during the period. Sound Income Strategies LLC raised its stake in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after purchasing an additional 174,759 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $34,103,000. Finally, Sage Advisors LLC grew its holdings in shares of Blue Owl Capital by 3.9% during the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock valued at $31,379,000 after buying an additional 78,403 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

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 stock was purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $13.85 on Friday. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.73. The company's fifty day moving average is $14.62 and its 200-day moving average is $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. Blue Owl Capital Co. has a 12 month low of $12.11 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $395.24 million. Equities analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.44%. Blue Owl Capital's payout ratio is currently 96.73%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and lifted their target price 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 issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average price target of $16.21.

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.

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