Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,087 shares of the company's stock after purchasing an additional 17,721 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Blue Owl Capital were worth $3,534,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OBDC. Cresset Asset Management LLC increased 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 valued at $68,762,000 after purchasing an additional 4,385,987 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $34,103,000. Raymond James Financial Inc. purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $28,434,000. Boston Partners increased its stake in Blue Owl Capital by 76.6% in the fourth quarter. Boston Partners now owns 1,648,101 shares of the company's stock valued at $24,823,000 after purchasing an additional 714,940 shares during the last quarter. Finally, Enstar Group LTD purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $10,139,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of Blue Owl Capital stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $14.45 per share, with a total value of $99,921.75. Following the completion of the acquisition, the director now owns 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.05 during midday trading on Friday, reaching $14.58. The stock had a trading volume of 2,304,966 shares, compared to its average volume of 2,622,193. The firm has a fifty day simple moving average of $14.05 and a two-hundred day simple moving average of $14.73. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.35. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The stock has a market cap of $7.45 billion, a P/E ratio of 9.53 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data 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). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. On average, equities analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented 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 on the stock in a research note on Monday, April 28th. 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 research report on Tuesday, April 8th. B. Riley initiated coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, Jefferies Financial Group initiated 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. 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 company's stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Buy" and a consensus target price of $15.64.

About Blue Owl Capital

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.