Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 713,593 shares of the company's stock, valued at approximately $10,533,000. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.18% of Blue Owl Capital at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. GPS Wealth Strategies Group LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $41,000. CVA Family Office LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $61,000. Register Financial Advisors LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $64,000. Global Strategic Investment Solutions LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $154,000. Finally, Bleakley Financial Group LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $166,000. 42.83% of the stock is currently owned by institutional investors.
Blue Owl Capital Stock Performance
Shares of OBDC stock traded down $0.04 during trading hours on Tuesday, reaching $15.75. The company had a trading volume of 1,999,352 shares, compared to its average volume of 2,014,590. The business has a fifty day moving average price of $15.24 and a 200-day moving average price of $14.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $6.14 billion, a PE ratio of 7.76 and a beta of 0.91. Blue Owl Capital Co. has a one year low of $12.20 and a one year high of $15.83.
Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. Sell-side analysts predict that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.03%. Blue Owl Capital's dividend payout ratio (DPR) is 68.97%.
Insider Activity at Blue Owl Capital
In other news, Director Edward H. Dalelio purchased 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the acquisition, the director now directly owns 6,217 shares of the company's stock, valued at $93,690.19. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
OBDC has been the subject of several recent analyst reports. B. Riley cut shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and set a $15.50 target price for the company. in a report on Monday, January 8th. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an "underweight" rating in a research note on Monday, January 29th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Hold" and a consensus price target of $15.50.
Read Our Latest Analysis on OBDC
About Blue Owl Capital
(
Free Report)
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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