22,751,338 Shares in Blue Owl Capital Co. (NYSE:OBDC) Acquired by State of New Jersey Common Pension Fund E

State of New Jersey Common Pension Fund E bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,751,338 shares of the company's stock, valued at approximately $335,810,000. Blue Owl Capital accounts for about 81.0% of State of New Jersey Common Pension Fund E's portfolio, making the stock its biggest holding. State of New Jersey Common Pension Fund E owned about 5.84% of Blue Owl Capital as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in OBDC. First Affirmative Financial Network bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $235,000. Wedmont Private Capital bought a new position in Blue Owl Capital in the 4th quarter valued at $311,000. Dfpg Investments LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $2,333,000. Sound Income Strategies LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $36,311,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $636,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.19 during midday trading on Friday, reaching $15.94. The stock had a trading volume of 1,546,493 shares, compared to its average volume of 1,996,647. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.85 and a beta of 0.91. The company's 50-day moving average is $15.30 and its 200 day moving average is $14.79. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.95.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, equities analysts predict that Blue Owl Capital Co. will post 1.9 EPS 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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital's payout ratio is presently 68.97%.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio bought 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on OBDC. 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 report on Monday, January 8th. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an "underweight" rating in a research report on Monday, January 29th. Finally, JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One research 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. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Hold" and an average price target of $15.50.

Blue Owl Capital Company 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.