D. E. Shaw & Co. Inc. Acquires 191,051 Shares of Blue Owl Capital Co. (NYSE:OBDC)

D. E. Shaw & Co. Inc. raised its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 446,877 shares of the company's stock after acquiring an additional 191,051 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of Blue Owl Capital worth $6,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of OBDC. Fifth Third Bancorp raised its stake in 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 buying an additional 1,922 shares during the period. Anchor Investment Management LLC increased its stake in shares of 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 during the period. Brown Brothers Harriman & Co. bought a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $48,000. Westend Capital Management LLC increased its stake in shares of Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after purchasing an additional 1,784 shares during the period. Finally, Millstone Evans Group LLC bought a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $76,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target 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 initiated coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods reduced their price target on 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. B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $15.64.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the 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 transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

Blue Owl Capital Stock Up 0.1%

Shares of OBDC stock traded up $0.01 during trading hours on Monday, hitting $14.72. 2,907,908 shares of the company's stock traded hands, compared to its average volume of 2,591,414. The stock's fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $14.77. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.91. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 9.62 and a beta of 0.71. 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 (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $1.48 annualized dividend and a yield of 10.05%. Blue Owl Capital's payout ratio is 95.48%.

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.