Insider Buying: Blue Owl Capital Co. (NYSE:OBDC) Director Purchases 6,915 Shares of Stock

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the purchase, the director now owns 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.01 during mid-day trading on Friday, hitting $14.64. 3,716,378 shares of the company traded hands, compared to its average volume of 2,615,361. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 9.57 and a beta of 0.71. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a fifty day moving average price of $14.10 and a 200-day moving average price of $14.75.

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

Blue Owl Capital Cuts Dividend

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

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of OBDC. SVB Wealth LLC purchased a new position in Blue Owl Capital in the 1st quarter worth about $28,000. Fifth Third Bancorp raised its position in Blue Owl Capital by 192.2% in 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 during the last quarter. Anchor Investment Management LLC raised its position in Blue Owl Capital by 100.0% in 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 during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital in the 4th quarter worth about $48,000. Finally, Lazard Asset Management LLC purchased a new position in Blue Owl Capital in the 4th quarter worth about $49,000. Institutional investors own 42.83% of the company's stock.

Analysts Set New Price Targets

OBDC has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. B. Riley began coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective on the stock. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $15.64.

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.