Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc grew its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 373,584 shares of the company's stock after purchasing an additional 27,208 shares during the period. Legal & General Group Plc owned approximately 0.10% of Blue Owl Capital worth $5,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Stephens Inc. AR raised its position in Blue Owl Capital by 3.3% in 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 shares of Blue Owl Capital by 6.4% in 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 stake 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 acquiring an additional 174,759 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital during the 4th quarter valued at about $34,103,000. Finally, Sage Advisors LLC increased its stake 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 worth $31,379,000 after purchasing an additional 78,403 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company upgraded Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Finally, JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average price target of $16.21.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Blue Owl Capital Stock Up 0.2 %

Shares of OBDC traded up $0.04 during mid-day trading on Friday, reaching $14.29. The company's stock had a trading volume of 404,217 shares, compared to its average volume of 2,550,634. The company's 50 day moving average is $14.48 and its 200 day moving average is $14.87. The stock has a market cap of $7.30 billion, a PE ratio of 9.33 and a beta of 0.73. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month 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.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data 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 net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. Equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.40%. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

About Blue Owl Capital

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.