304,846 Shares in Blue Owl Capital Co. (NYSE:OBDC) Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 304,846 shares of the company's stock, valued at approximately $4,469,000. Confluence Investment Management LLC owned approximately 0.06% of Blue Owl Capital as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Blue Owl Capital by 9.2% in the 4th 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in Blue Owl Capital by 5.2% in 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 in the last quarter. Cresset Asset Management LLC boosted its stake in Blue Owl Capital by 8,188.9% in the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after purchasing an additional 4,385,987 shares in the last quarter. Stephens Inc. AR boosted 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 worth $50,294,000 after purchasing an additional 106,722 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 purchasing an additional 174,759 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OBDC. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set 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 report on Tuesday, February 4th. B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently 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 purchased 15,000 shares of the 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 transaction, the director now directly owns 51,000 shares of the company's stock, valued at $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 hyperlink. Also, Director Victor Woolridge purchased 6,915 shares of the stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director now directly owns 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Down 0.1%

Shares of NYSE OBDC traded down $0.01 during mid-day trading on Friday, reaching $14.64. 3,716,378 shares of the company's stock were exchanged, compared to its average volume of 2,619,423. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 9.57 and a beta of 0.71. 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 business has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $14.75. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced 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 return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. As a group, equities analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

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.