Two Sigma Investments LP Sells 1,526,789 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Two Sigma Investments LP lowered its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 68.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,606 shares of the company's stock after selling 1,526,789 shares during the quarter. Two Sigma Investments LP owned approximately 0.18% of Blue Owl Capital worth $10,593,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after purchasing an additional 1,083 shares in the last quarter. JPMorgan Chase & Co. increased its position in Blue Owl Capital by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after buying an additional 174,759 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Blue Owl Capital by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock valued at $16,117,000 after buying an additional 159,946 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of 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 buying an additional 236,467 shares during the last quarter. Finally, Acorn Creek Capital LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth about $325,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

OBDC traded up $0.05 on Thursday, hitting $14.64. 1,159,800 shares of the stock traded hands, compared to its average volume of 2,599,089. The business has a fifty day moving average price of $14.12 and a two-hundred day moving average price of $14.75. 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 firm has a market capitalization of $7.48 billion, a PE ratio of 9.57 and a beta of 0.71. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, research analysts predict 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. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's payout ratio is presently 95.48%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OBDC. Wells Fargo & Company cut their price objective on 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 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. B. Riley assumed coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. 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 for the company. 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 MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $15.64.

Insider Activity

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Chris Temple purchased 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired 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 directly owns 51,000 shares of the company's stock, valued at $754,800. The trade was 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.