DnB Asset Management AS Buys 174,742 Shares of Blue Owl Capital Co. (NYSE:OBDC)

DnB Asset Management AS lifted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 512,252 shares of the company’s stock after acquiring an additional 174,742 shares during the quarter. DnB Asset Management AS owned about 0.13% of Blue Owl Capital worth $7,745,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OBDC. Fifth Third Bancorp lifted its stake in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares during the last quarter. National Bank of Canada FI boosted its holdings in 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 valued at $61,000 after acquiring an additional 2,460 shares during the period. Westend Capital Management LLC grew its position in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after purchasing an additional 1,784 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $76,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $77,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 1.7 %

NYSE OBDC opened at $15.05 on Friday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 9.83 and a beta of 0.85. The stock’s 50 day moving average is $15.05 and its two-hundred day moving average is $15.03. 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 (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Equities analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share 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. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the business’s 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 transaction, the director now owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OBDC shares. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Monday, March 17th. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

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.