Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,213,200 shares of the company's stock after selling 1,790,900 shares during the quarter. Two Sigma Advisers LP owned about 0.57% of Blue Owl Capital worth $33,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Blue Owl Capital by 9.1% in 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 in the last quarter. Sound Income Strategies LLC grew its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 7.7% during the 4th 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 in the last quarter. Wells Fargo & Company MN increased its stake in Blue Owl Capital by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock worth $16,117,000 after buying an additional 159,946 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Blue Owl Capital by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock worth $72,361,000 after buying an additional 236,467 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price 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. Royal Bank of Canada restated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. B. Riley assumed 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. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC traded up $0.10 during trading on Monday, reaching $14.34. 2,097,755 shares of the company's stock traded hands, compared to its average volume of 2,607,276. The stock has a market capitalization of $7.33 billion, a P/E ratio of 9.37 and a beta of 0.71. Blue Owl Capital Co. has a 12 month low of $12.11 and a 12 month high of $16.91. The company has a 50 day moving average of $14.15 and a 200-day moving average of $14.75. 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 posted its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $457.88 million. On average, equities analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.01 per share. This represents a dividend yield of 11.51%. The ex-dividend date is Friday, May 30th. Blue Owl Capital's dividend payout ratio (DPR) is 95.48%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

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.