Jane Street Group LLC Acquires 445,761 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Jane Street Group LLC lifted its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 349.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 573,375 shares of the company's stock after buying an additional 445,761 shares during the period. Jane Street Group LLC owned about 0.15% of Blue Owl Capital worth $8,669,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Stephens Inc. AR raised its position in Blue Owl Capital by 3.3% during the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock valued at $50,294,000 after purchasing an additional 106,722 shares during the period. Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after buying an additional 182,002 shares during the period. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 7.7% in 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. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital during the fourth quarter worth $34,103,000. Finally, Sage Advisors LLC increased its position in Blue Owl Capital by 3.9% during the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock valued at $31,379,000 after acquiring an additional 78,403 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.0 %

Shares of Blue Owl Capital stock opened at $13.72 on Thursday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 8.97 and a beta of 0.71. Blue Owl Capital Co. has a 1 year low of $12.11 and a 1 year high of $16.91. 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's 50-day moving average is $14.23 and its two-hundred day moving average is $14.81.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's payout ratio is 96.73%.

Analyst Ratings Changes

OBDC has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Keefe, Bruyette & Woods cut their price objective on 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. Finally, Royal Bank of Canada decreased their target price on Blue Owl Capital from $17.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday. Three equities research 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.93.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares of the company's stock, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.

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