CANADA LIFE ASSURANCE Co Has $4.80 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

CANADA LIFE ASSURANCE Co lessened its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,905 shares of the company's stock after selling 21,746 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Blue Owl Capital worth $4,803,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position 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 worth $44,000 after purchasing an additional 1,922 shares during the period. Anchor Investment Management LLC increased its holdings in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $48,000. Westend Capital Management LLC lifted its holdings 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 acquiring an additional 1,784 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $76,000. 42.83% of the stock is currently owned by institutional investors.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

Blue Owl Capital Trading Down 1.2 %

NYSE:OBDC traded down $0.17 during mid-day trading on Wednesday, hitting $14.02. 1,856,242 shares of the company's stock were exchanged, compared to its average volume of 2,563,788. 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 current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $7.16 billion, a P/E ratio of 9.16 and a beta of 0.73. The company has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $14.85.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company 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%. As a group, research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. 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

Several brokerages have commented on OBDC. Keefe, Bruyette & Woods lowered 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. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.07.

Blue Owl Capital 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.