44,529 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,529 shares of the company's stock, valued at approximately $673,000.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of 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 purchasing an additional 1,083 shares during the period. Sound Income Strategies LLC increased its stake in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after buying an additional 182,002 shares during the period. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after acquiring an additional 174,759 shares during the period. Wells Fargo & Company MN grew its holdings 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 acquiring an additional 159,946 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Blue Owl Capital by 5.2% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC traded up $0.20 during midday trading on Tuesday, reaching $14.53. The company had a trading volume of 972,763 shares, compared to its average volume of 2,600,965. Blue Owl Capital Co. has a 1 year low of $12.11 and a 1 year high of $16.91. The business's 50-day simple moving average is $14.14 and its 200 day simple moving average is $14.75. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market cap of $7.42 billion, a P/E ratio of 9.49 and a beta of 0.71.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued 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 firm had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, 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 firm also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.01 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio (DPR) is presently 95.48%.

Analysts Set New Price Targets

OBDC has been the topic of several research reports. B. Riley started coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Wells Fargo & Company reduced their price objective 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. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Finally, 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 objective for the company. Three investment 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 company's stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average 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 acquired 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares in the company, valued at $754,800. This represents a 41.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company's stock.

Blue Owl Capital 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.