Northern Trust Corp Lowers Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Northern Trust Corp trimmed its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 84.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,202 shares of the company's stock after selling 812,986 shares during the quarter. Northern Trust Corp's holdings in Blue Owl Capital were worth $2,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OBDC. Atria Wealth Solutions Inc. raised its stake in Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock worth $1,014,000 after buying an additional 685 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Blue Owl Capital by 9.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after acquiring an additional 1,083 shares during the period. Blue Trust Inc. raised its position in shares of Blue Owl Capital by 9.5% in the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock worth $222,000 after acquiring an additional 1,321 shares in the last quarter. Csenge Advisory Group lifted its stake in shares of Blue Owl Capital by 2.6% during the 4th quarter. Csenge Advisory Group now owns 55,064 shares of the company's stock worth $833,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its position in Blue Owl Capital by 100.0% during the fourth 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 in the last quarter. Institutional investors own 42.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on OBDC shares. B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. 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 for the company in a research note on Tuesday, April 8th. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Three 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. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $15.64.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC traded down $0.09 on Friday, hitting $14.56. 210,286 shares of the company were exchanged, compared to its average volume of 2,597,886. The firm has a market capitalization of $7.44 billion, a P/E ratio of 9.53 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. Blue Owl Capital Co. has a 1-year low of $12.11 and a 1-year high of $16.91. The stock's 50 day moving average price is $14.11 and its 200 day moving average price is $14.75.

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%. Sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The company also recently announced 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 is currently 95.48%.

Insider Buying and Selling

In other news, Director Victor Woolridge acquired 6,915 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the purchase, the director now directly owns 28,191 shares of the company's stock, valued at $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Chris Temple bought 15,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

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.