670,579 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Enstar Group LTD

Enstar Group LTD acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 670,579 shares of the company's stock, valued at approximately $10,139,000. Blue Owl Capital makes up approximately 3.5% of Enstar Group LTD's holdings, making the stock its 8th largest position. Enstar Group LTD owned approximately 0.17% of Blue Owl Capital at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OBDC. Tower Research Capital LLC TRC raised its holdings in Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after purchasing an additional 1,083 shares during the last quarter. Sound Income Strategies LLC boosted its holdings 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 worth $45,727,000 after acquiring an additional 182,002 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after buying an additional 174,759 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock valued at $11,116,000 after purchasing an additional 74,959 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $814,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought 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 of the company's stock, valued at $754,800. The trade was a 41.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered 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 report on Tuesday, April 8th. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective for the company. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $15.75.

Blue Owl Capital Price Performance

NYSE OBDC traded up $0.02 during trading hours on Friday, reaching $13.90. The company's stock had a trading volume of 2,160,929 shares, compared to its average volume of 2,574,761. The firm's 50-day moving average price is $14.18 and its 200-day moving average price is $14.78. 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 1 year low of $12.11 and a 1 year high of $16.91. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 9.09 and a beta of 0.71.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to analysts' expectations of $457.88 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, equities research analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.65%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's payout ratio is currently 96.73%.

Blue Owl Capital Company 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.