Ares Management LLC Has $34.27 Million Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Ares Management LLC reduced its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.3% in the 4th quarter, according to its most recent 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 accounts for about 0.1% of Ares Management LLC's holdings, making the stock its 13th biggest holding. Ares Management LLC owned 0.58% of Blue Owl Capital worth $34,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in OBDC. Fifth Third Bancorp increased its holdings in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after purchasing an additional 1,922 shares during the period. Anchor Investment Management LLC raised its holdings in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Blue Owl Capital in the 4th quarter valued at approximately $48,000. Westend Capital Management LLC raised its stake in shares of Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after buying an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $76,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada lowered their target price on Blue Owl Capital from $17.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Finally, Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Three investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.93.

Blue Owl Capital Stock Performance

OBDC stock traded down $0.17 during mid-day trading on Tuesday, reaching $13.68. The company had a trading volume of 1,596,779 shares, compared to its average volume of 3,767,573. 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 one year low of $12.11 and a one year high of $16.91. The stock's 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $14.82. The stock has a market capitalization of $6.99 billion, a P/E ratio of 8.94 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million during the quarter, compared to analysts' expectations of $395.24 million. Research analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired 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 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 filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by 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.