Epiq Partners LLC increased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 453,368 shares of the company's stock after purchasing an additional 43,138 shares during the period. Blue Owl Capital makes up approximately 3.5% of Epiq Partners LLC's holdings, making the stock its 8th largest position. Epiq Partners LLC owned 0.09% of Blue Owl Capital worth $6,646,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after acquiring an additional 1,083 shares during the period. JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after acquiring an additional 174,759 shares during the period. Wells Fargo & Company MN increased its stake in Blue Owl Capital by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock valued at $16,117,000 after acquiring an additional 159,946 shares during the period. Ameriprise Financial Inc. increased its stake in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after acquiring an additional 236,467 shares during the period. Finally, Carmel Capital Partners LLC increased its stake in Blue Owl Capital by 12.6% during the fourth quarter. Carmel Capital Partners LLC now owns 170,987 shares of the company's stock valued at $2,585,000 after acquiring an additional 19,108 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.
Insiders Place Their Bets
In other news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $14.45 per share, with a total value of $99,921.75. Following the acquisition, the director now owns 28,191 shares in the company, valued at $407,359.95. This represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company's stock.
Blue Owl Capital Stock Up 0.3%
NYSE OBDC opened at $14.58 on Friday. The firm has a market cap of $7.45 billion, a PE ratio of 9.53 and a beta of 0.73. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.49. The stock's 50 day simple moving average is $14.05 and its 200 day simple moving average is $14.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.
Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly 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 for 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%. As a group, sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.
Blue Owl Capital Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.01 per share. This represents a yield of 11.51%. The ex-dividend date of this dividend is Friday, May 30th. Blue Owl Capital's dividend payout ratio is 95.48%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note 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 on the stock in a research note on Tuesday, April 8th. B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Three equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $15.64.
View Our Latest Analysis on Blue Owl Capital
About Blue Owl Capital
(
Free Report)
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.
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