Sentinus LLC Grows Position in Blue Owl Capital Co. (NYSE:OBDC)

Sentinus LLC increased its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 533,531 shares of the company's stock after buying an additional 36,646 shares during the period. Blue Owl Capital comprises approximately 2.4% of Sentinus LLC's holdings, making the stock its 12th largest position. Sentinus LLC owned 0.14% of Blue Owl Capital worth $8,067,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OBDC. Tower Research Capital LLC TRC increased its stake in Blue Owl Capital by 9.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares during the last quarter. Sound Income Strategies LLC increased its stake in Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock worth $45,727,000 after purchasing an additional 182,002 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 valued at $36,843,000 after buying an additional 174,759 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Blue Owl Capital by 17.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock valued at $16,117,000 after purchasing an additional 159,946 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Blue Owl Capital by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock worth $72,361,000 after buying an additional 236,467 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OBDC traded down $0.07 during trading on Tuesday, hitting $14.65. The company's stock had a trading volume of 1,834,011 shares, compared to its average volume of 2,591,114. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $16.91. The business's fifty day simple moving average is $14.18 and its 200 day simple moving average is $14.76. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 9.58 and a beta of 0.71.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $464.65 million for the quarter, compared to analysts' expectations of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, equities research analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.10%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's payout ratio is currently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now owns 51,000 shares of the company's stock, valued at $754,800. This trade represents a 41.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on OBDC. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. B. Riley began coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $15.64.

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.