TT Capital Management LLC Makes New $2.46 Million Investment in Blue Owl Capital Co. (NYSE:OBDC)

TT Capital Management LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 164,220 shares of the company's stock, valued at approximately $2,459,000. Blue Owl Capital makes up approximately 2.0% of TT Capital Management LLC's portfolio, making the stock its 12th largest position.

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

Blue Owl Capital Trading Up 2.4 %

NYSE:OBDC traded up $0.32 on Friday, reaching $13.85. 2,907,813 shares of the stock traded hands, compared to its average volume of 2,551,017. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.73. Blue Owl Capital Co. has a 1-year low of $12.11 and a 1-year high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The company's 50 day moving average is $14.62 and its 200-day moving average is $14.89.

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 business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Equities research analysts anticipate 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. Investors 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 dividend yield of 1.44%. Blue Owl Capital's payout ratio is presently 96.73%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company's stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Three research 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 company. Based on data from MarketBeat, 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.