Blue Owl Capital Co. (NYSE:OBDC) Director Victor Woolridge Purchases 6,915 Shares

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) Director Victor Woolridge bought 6,915 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director now directly owns 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.20 on Monday, reaching $14.45. The company's stock had a trading volume of 2,030,190 shares, compared to its average volume of 2,617,066. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91. The company has a market cap of $7.39 billion, a P/E ratio of 9.45 and a beta of 0.71. The company has a 50-day simple moving average of $14.08 and a 200 day simple moving average of $14.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS 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 business had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. As a group, equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently made changes to their positions in OBDC. Fifth Third Bancorp lifted its holdings in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after buying an additional 1,922 shares in the last quarter. Blue Trust Inc. lifted its holdings in Blue Owl Capital by 9.5% during the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after buying an additional 1,321 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $976,000. Epiq Partners LLC raised its holdings in shares of Blue Owl Capital by 3.0% in the 4th quarter. Epiq Partners LLC now owns 410,230 shares of the company's stock valued at $6,203,000 after purchasing an additional 11,987 shares in the last quarter. Finally, Acorn Creek Capital LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $325,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. 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, May 15th. Wells Fargo & Company decreased their price objective 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. B. Riley assumed coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. Keefe, Bruyette & Woods reduced 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 report on Tuesday, April 8th. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. Three 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, the company presently has a consensus rating of "Buy" and an average 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.