BNP Paribas Financial Markets Invests $673,000 in Blue Owl Capital Co. (NYSE:OBDC)

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

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock worth $72,361,000 after purchasing an additional 236,467 shares during the period. Stephens Inc. AR raised its stake in Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock valued at $50,294,000 after purchasing an additional 106,722 shares in the last quarter. Sound Income Strategies LLC raised its stake in Blue Owl Capital by 6.4% in the fourth 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. raised 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 valued at $36,843,000 after purchasing an additional 174,759 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Blue Owl Capital in the fourth quarter valued at about $34,103,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.1%

NYSE OBDC traded up $0.02 during mid-day trading on Wednesday, hitting $14.59. The company's stock had a trading volume of 217,780 shares, compared to its average volume of 2,594,141. The company's 50 day simple moving average is $14.13 and its 200 day simple moving average is $14.75. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $16.91. 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 firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 9.53 and a beta of 0.71.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share 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. Analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

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

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on OBDC. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on shares of 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. Three equities 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 data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Buy" and a consensus target price of $15.64.

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.