Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Ares Management LLC

Ares Management LLC lowered its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,266,804 shares of the company's stock after selling 179,448 shares during the period. Blue Owl Capital comprises about 0.1% of Ares Management LLC's portfolio, making the stock its 13th largest holding. Ares Management LLC owned 0.58% of Blue Owl Capital worth $34,274,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of Blue Owl Capital by 349.3% in the fourth quarter. Jane Street Group LLC now owns 573,375 shares of the company's stock worth $8,669,000 after acquiring an additional 445,761 shares during the period. Lido Advisors LLC raised its holdings in Blue Owl Capital by 2.9% in the 4th quarter. Lido Advisors LLC now owns 187,135 shares of the company's stock worth $2,889,000 after purchasing an additional 5,279 shares during the period. Aquatic Capital Management LLC boosted its position in Blue Owl Capital by 22.7% during the fourth quarter. Aquatic Capital Management LLC now owns 77,432 shares of the company's stock worth $1,171,000 after purchasing an additional 14,332 shares in the last quarter. Two Sigma Securities LLC increased its position in shares of Blue Owl Capital by 22.7% in the fourth quarter. Two Sigma Securities LLC now owns 12,907 shares of the company's stock valued at $195,000 after buying an additional 2,387 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Blue Owl Capital by 14.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 19,295 shares of the company's stock worth $292,000 after buying an additional 2,395 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Up 1.6 %

Shares of OBDC stock traded up $0.22 during trading hours on Friday, hitting $14.08. The company had a trading volume of 2,634,528 shares, compared to its average volume of 2,572,885. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company's fifty day moving average is $14.32 and its 200 day moving average is $14.83. The stock has a market capitalization of $7.20 billion, a PE ratio of 9.20 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Research 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's dividend payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OBDC. Keefe, Bruyette & Woods reduced their price objective on shares of 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. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on 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. Jefferies Financial Group began coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Finally, Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.07.

Insider Activity

In related news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company's stock.

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.