Millennium Management LLC Sells 722,316 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Millennium Management LLC lowered its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 81.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,847 shares of the company's stock after selling 722,316 shares during the quarter. Millennium Management LLC's holdings in Blue Owl Capital were worth $2,523,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of 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 purchasing an additional 1,083 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 174,759 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of 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 purchasing an additional 159,946 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 purchasing an additional 236,467 shares during the last quarter. Finally, Carmel Capital Partners LLC lifted its holdings in shares of 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 purchasing an additional 19,108 shares during the last quarter. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Up 0.4%

Shares of NYSE OBDC traded up $0.06 during mid-day trading on Wednesday, reaching $14.57. 1,712,484 shares of the company traded hands, compared to its average volume of 2,618,597. The stock has a market cap of $7.45 billion, a PE ratio of 9.52 and a beta of 0.71. The company's fifty day moving average is $14.05 and its two-hundred day moving average is $14.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.53.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its 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). The business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.01 dividend. 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 (DPR) is currently 95.48%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OBDC shares. Wells Fargo & Company reduced their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, B. Riley initiated coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $15.64.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This represents 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. Also, Director Victor Woolridge bought 6,915 shares of the business'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 transaction, 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 disclosure for this purchase can be found here. Insiders own 0.11% of the company's stock.

Blue Owl Capital Company 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.