Blue Owl Capital Co. (NYSE:OBDC) is Epiq Partners LLC's 8th Largest Position

Epiq Partners LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 453,368 shares of the company's stock after buying an additional 43,138 shares during the period. Blue Owl Capital comprises approximately 3.5% of Epiq Partners LLC's holdings, making the stock its 8th largest position. Epiq Partners LLC owned approximately 0.09% of Blue Owl Capital worth $6,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC lifted its holdings in Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after acquiring an additional 1,500 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $48,000. Lazard Asset Management LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $49,000. Roxbury Financial LLC bought a new stake in Blue Owl Capital during the first quarter valued at approximately $50,000. Finally, Versant Capital Management Inc purchased a new stake in Blue Owl Capital during the first quarter valued at approximately $63,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, with a total value of $99,921.75. Following the completion of the purchase, the director now directly owns 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of 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. 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 report on Monday, April 28th. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, B. Riley initiated coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded up $0.05 on Tuesday, hitting $14.75. 2,547,425 shares of the company traded hands, compared to its average volume of 2,625,336. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The business has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $14.72. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.19. The stock has a market capitalization of $7.54 billion, a P/E ratio of 9.64 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Research analysts expect 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 announced a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's dividend payout ratio is currently 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.