Blue Owl Capital Co. (NYSE:OBDC) Director Chris Temple Buys 15,000 Shares

Blue Owl Capital Co. (NYSE:OBDC) Director Chris Temple bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Blue Owl Capital Stock Down 1.4 %

Shares of NYSE OBDC traded down $0.22 during midday trading on Monday, hitting $14.78. 2,692,918 shares of the company’s stock were exchanged, compared to its average volume of 2,151,753. The firm’s fifty day simple moving average is $15.08 and its 200-day simple moving average is $15.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a market cap of $7.55 billion, a PE ratio of 9.66 and a beta of 0.85. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Research analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is currently 96.73%.

Institutional Trading of Blue Owl Capital

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after buying an additional 1,922 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after purchasing an additional 1,500 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital during the 4th quarter worth $48,000. Lazard Asset Management LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at $49,000. Finally, National Bank of Canada FI boosted its stake in shares of Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OBDC has been the topic of a number of recent research reports. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $16.08.

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.