Wells Fargo & Company MN Boosts Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Wells Fargo & Company MN boosted its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,065,947 shares of the company's stock after buying an additional 159,946 shares during the period. Wells Fargo & Company MN owned approximately 0.27% of Blue Owl Capital worth $16,117,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $774,000. Arete Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 22.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 31,653 shares of the company's stock worth $479,000 after purchasing an additional 5,850 shares during the period. Franklin Resources Inc. raised its holdings in Blue Owl Capital by 18.8% during the 4th quarter. Franklin Resources Inc. now owns 881,181 shares of the company's stock valued at $13,323,000 after buying an additional 139,140 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Blue Owl Capital by 44.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 47,008 shares of the company's stock worth $711,000 after buying an additional 14,479 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Blue Owl Capital during the fourth quarter worth $2,203,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Up 2.4 %

Shares of NYSE:OBDC traded up $0.32 on Friday, reaching $13.85. The company had a trading volume of 2,907,813 shares, compared to its average volume of 2,555,559. 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 firm has a market capitalization of $7.08 billion, a PE ratio of 9.05 and a beta of 0.73. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91. The firm's 50 day simple moving average is $14.59 and its 200-day simple moving average is $14.89.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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 return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. As a group, analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.05 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.44%. Blue Owl Capital's dividend payout ratio (DPR) is 96.73%.

Insiders Place Their Bets

In related news, Director Chris Temple acquired 15,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price 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 in the company, valued at $754,800. The trade was a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OBDC shares. Jefferies Financial Group assumed 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 for the company. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.