Strs Ohio Invests $32.45 Million in Blue Owl Capital Co. (NYSE:OBDC)

Strs Ohio purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,198,487 shares of the company's stock, valued at approximately $32,449,000. Strs Ohio owned about 0.56% of Blue Owl Capital at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital during the 4th quarter worth $41,000. CVA Family Office LLC bought a new position in Blue Owl Capital during the 4th quarter worth $61,000. Register Financial Advisors LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $64,000. Global Strategic Investment Solutions LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $154,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at $166,000. 42.83% of the stock is currently owned by institutional investors.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now directly owns 6,217 shares of the company's stock, valued at approximately $93,690.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. B. Riley cut Blue Owl Capital from a "buy" rating to a "neutral" rating and set a $15.50 target price for the company. in a research note on Monday, January 8th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company raised their target price on Blue Owl Capital from $13.00 to $14.50 and gave the company an "underweight" rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.50.

Blue Owl Capital Trading Up 0.4 %

Shares of NYSE:OBDC traded up $0.06 during midday trading on Tuesday, reaching $15.37. The company had a trading volume of 2,045,008 shares, compared to its average volume of 2,017,822. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. Blue Owl Capital Co. has a 1-year low of $12.20 and a 1-year high of $15.83. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 7.57 and a beta of 0.91. The company has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $14.70.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The business had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. Research analysts predict that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. Blue Owl Capital's dividend payout ratio (DPR) is 68.97%.

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.