Y Intercept Hong Kong Ltd trimmed its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 77.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,765 shares of the company's stock after selling 47,691 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Blue Owl Capital were worth $208,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. raised its holdings in shares of Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock worth $1,014,000 after acquiring an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock worth $615,000 after acquiring an additional 702 shares in the last quarter. Channel Wealth LLC raised its holdings in shares of Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock worth $673,000 after acquiring an additional 823 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Blue Owl Capital by 9.5% during the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock worth $222,000 after acquiring an additional 1,321 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have recently issued reports on OBDC shares. Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.08.
Read Our Latest Research Report on Blue Owl Capital
Blue Owl Capital Trading Up 1.7 %
OBDC stock traded up $0.25 during midday trading on Friday, reaching $14.99. The company's stock had a trading volume of 4,037,184 shares, compared to its average volume of 2,149,579. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a fifty day simple moving average of $15.08 and a two-hundred day simple moving average of $15.03. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85.
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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. On average, equities research analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.
Blue Owl Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's payout ratio is 96.73%.
Blue Owl Capital Company Profile
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Free Report)
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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