Blue Owl Capital Co. (NYSE:OBDC) Stock Holdings Decreased by FORA Capital LLC

FORA Capital LLC lowered its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,378 shares of the company's stock after selling 35,384 shares during the period. FORA Capital LLC's holdings in Blue Owl Capital were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock valued at $11,116,000 after acquiring an additional 74,959 shares during the last quarter. Winthrop Advisory Group LLC acquired a new position in Blue Owl Capital during the fourth quarter worth about $870,000. Brookstone Capital Management grew its position in Blue Owl Capital by 13.4% during the fourth quarter. Brookstone Capital Management now owns 99,820 shares of the company's stock worth $1,509,000 after buying an additional 11,813 shares during the period. Adams Asset Advisors LLC grew its position in Blue Owl Capital by 6.2% during the fourth quarter. Adams Asset Advisors LLC now owns 69,555 shares of the company's stock worth $1,052,000 after buying an additional 4,039 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Blue Owl Capital during the fourth quarter worth about $814,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OBDC shares. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. Wells Fargo & Company lowered 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 report on Monday, April 28th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday. 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 given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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 Blue Owl Capital stock in a transaction dated 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 transaction, the director now owns 51,000 shares in the company, valued at $754,800. This represents a 41.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company's stock.

Blue Owl Capital Trading Up 0.4%

NYSE:OBDC traded up $0.06 during trading hours on Friday, reaching $14.66. 1,062,832 shares of the company were exchanged, compared to its average volume of 2,584,097. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 9.58 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. The stock has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $14.77.

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

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.10%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. Blue Owl Capital's dividend payout ratio (DPR) is presently 95.48%.

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.