Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,254 shares of the company’s stock after selling 6,491 shares during the period. NewEdge Advisors LLC’s holdings in Blue Owl Capital were worth $4,101,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OBDC. Stephens Inc. AR lifted its stake in shares of Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after purchasing an additional 106,722 shares during the period. Sound Income Strategies LLC boosted its stake in shares of 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 worth $45,727,000 after acquiring an additional 182,002 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 7.7% in the 4th 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 position in Blue Owl Capital during the fourth quarter worth $34,103,000. Finally, Sage Advisors LLC grew its holdings in Blue Owl Capital by 3.9% in the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock valued at $31,379,000 after purchasing an additional 78,403 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on OBDC. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Jefferies Financial Group assumed coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a “buy” rating and a $16.00 price target for the company. Three equities research 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’s stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $13.85 on Friday. The stock has a fifty day moving average price of $14.59 and a 200 day moving average price of $14.89. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91. The firm has a market capitalization of $7.08 billion, a P/E ratio of 9.05 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued 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 is currently 96.73%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

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.