Townsquare Capital LLC Reduces Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Townsquare Capital LLC decreased its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 80,830 shares of the company's stock after selling 19,713 shares during the period. Townsquare Capital LLC's holdings in Blue Owl Capital were worth $1,222,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OBDC. Stephens Inc. AR grew its position in Blue Owl Capital by 3.3% during the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock worth $50,294,000 after acquiring an additional 106,722 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Blue Owl Capital by 6.4% during 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 last quarter. JPMorgan Chase & Co. raised its holdings in Blue Owl Capital by 7.7% in 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 during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Blue Owl Capital during the 4th quarter worth approximately $34,103,000. Finally, Sage Advisors LLC raised its stake in shares of Blue Owl Capital by 3.9% during the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock valued at $31,379,000 after acquiring an additional 78,403 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OBDC shares. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price target on 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. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.21.

Blue Owl Capital Trading Up 3.1 %

OBDC traded up $0.43 during trading on Wednesday, hitting $14.22. The company's stock had a trading volume of 875,657 shares, compared to its average volume of 2,550,411. The stock's fifty day moving average price is $14.53 and its 200-day moving average price is $14.88. The firm has a market capitalization of $7.27 billion, a P/E ratio of 9.29 and a beta of 0.73. The company has a quick ratio of 1.28, a current ratio of 1.19 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.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio is currently 96.73%.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now directly 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

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.