Invesco Ltd. Has $3.72 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Invesco Ltd. raised its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 246,208 shares of the company's stock after acquiring an additional 25,080 shares during the period. Invesco Ltd. owned approximately 0.06% of Blue Owl Capital worth $3,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $34,103,000. Raymond James Financial Inc. acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $28,434,000. Boston Partners lifted its position in shares of Blue Owl Capital by 76.6% in the fourth quarter. Boston Partners now owns 1,648,101 shares of the company's stock valued at $24,823,000 after acquiring an additional 714,940 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Blue Owl Capital by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after purchasing an additional 174,759 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company's stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.06 during trading hours on Thursday, hitting $13.96. 1,106,752 shares of the company traded hands, compared to its average volume of 2,558,112. The firm's 50-day simple moving average is $14.37 and its two-hundred day simple moving average is $14.85. The firm has a market cap of $7.13 billion, a P/E ratio of 9.12 and a beta of 0.73. Blue Owl Capital Co. has a 1-year low of $12.11 and a 1-year high of $16.91. 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 (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. As a group, analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's payout ratio is 96.73%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OBDC. Jefferies Financial Group began 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 on the stock. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $16.07.

Blue Owl Capital 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.