Squarepoint Ops LLC Acquires 95,114 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Squarepoint Ops LLC boosted its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 777.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,347 shares of the company's stock after purchasing an additional 95,114 shares during the quarter. Squarepoint Ops LLC's holdings in Blue Owl Capital were worth $1,623,000 at the end of the most recent quarter.

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

Blue Owl Capital Trading Up 0.6%

Shares of Blue Owl Capital stock traded up $0.08 during trading on Tuesday, hitting $14.51. The stock had a trading volume of 2,189,712 shares, compared to its average volume of 2,620,290. The stock has a 50 day simple moving average of $14.06 and a 200 day simple moving average of $14.74. The company has a market capitalization of $7.42 billion, a PE ratio of 9.48 and a beta of 0.71. The company has a quick ratio of 1.28, a current ratio of 1.19 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 $16.74.

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

Blue Owl Capital Cuts Dividend

The business also recently disclosed 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 yield of 11.51%. The ex-dividend date of this dividend is Friday, May 30th. Blue Owl Capital's payout ratio is presently 95.48%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OBDC. Keefe, Bruyette & Woods dropped their price target 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. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. 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 on the stock in a report on Monday, April 28th. Three 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 stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Buy" and a consensus target price of $15.64.

Insider Activity at Blue Owl Capital

In related news, Director Victor Woolridge acquired 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased 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 owns 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Chris Temple acquired 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, for a total transaction 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 $754,800. This represents a 41.67% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

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.