Blue Owl Capital Co. (NYSE:OBDC) Stake Lowered by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in OBDC. Snowden Capital Advisors LLC grew its stake in Blue Owl Capital by 11.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 18,767 shares of the company's stock worth $291,000 after buying an additional 1,985 shares during the last quarter. Sentinus LLC boosted its holdings in shares of Blue Owl Capital by 7.4% during the fourth quarter. Sentinus LLC now owns 533,531 shares of the company's stock valued at $8,067,000 after acquiring an additional 36,646 shares during the period. Royal Bank of Canada grew its position in shares of Blue Owl Capital by 9.2% during the fourth quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock worth $111,696,000 after acquiring an additional 620,521 shares during the last quarter. NorthRock Partners LLC bought a new position in shares of Blue Owl Capital during the fourth quarter worth about $274,000. Finally, Northeast Financial Consultants Inc increased its holdings in shares of Blue Owl Capital by 541.7% in the 4th quarter. Northeast Financial Consultants Inc now owns 115,600 shares of the company's stock worth $1,748,000 after acquiring an additional 97,584 shares during the period. Institutional investors own 42.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on OBDC shares. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their target price 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. Three research 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 stock. According to MarketBeat, Blue Owl Capital has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Trading Down 0.5%

Blue Owl Capital stock opened at $14.65 on Wednesday. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a market capitalization of $7.49 billion, a PE ratio of 9.58 and a beta of 0.71. The firm has a 50 day simple moving average of $14.18 and a 200-day simple moving average of $14.76.

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 for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $464.65 million during the quarter, compared to analyst estimates 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, equities research analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.37 dividend. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.10%. Blue Owl Capital's dividend payout ratio is 95.48%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. This represents a 41.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.

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