GP Brinson Investments LLC Raises Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

GP Brinson Investments LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 31.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 336,832 shares of the company's stock after acquiring an additional 81,451 shares during the period. Blue Owl Capital comprises approximately 2.2% of GP Brinson Investments LLC's investment portfolio, making the stock its 9th biggest holding. GP Brinson Investments LLC owned approximately 0.07% of Blue Owl Capital worth $4,938,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after acquiring an additional 1,922 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after purchasing an additional 1,500 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $48,000. Lazard Asset Management LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $49,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $76,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.1%

Shares of OBDC traded down $0.01 during trading hours on Friday, hitting $14.64. 3,716,378 shares of the company were exchanged, compared to its average volume of 2,615,360. The firm's 50 day moving average is $14.10 and its 200-day moving average is $14.75. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company has a market cap of $7.48 billion, a PE ratio of 9.57 and a beta of 0.71.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (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 business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. On average, equities research analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Citizens Jmp raised 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 note on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods lowered their target price 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, JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Blue Owl Capital has a consensus rating of "Buy" and an average target price of $15.64.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital 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 cost of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the transaction, the director now directly owns 28,191 shares of the company's stock, valued at approximately $407,359.95. The trade was a 32.50% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.