Olympiad Research LP Makes New $208,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

Olympiad Research LP bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDCFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 14,068 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors also recently bought and sold shares of OBDC. State of New Jersey Common Pension Fund E acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $335,810,000. Regents of The University of California acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $258,421,000. Van ECK Associates Corp purchased a new position in Blue Owl Capital in the fourth quarter worth approximately $100,726,000. Transcend Capital Advisors LLC purchased a new position in Blue Owl Capital in the fourth quarter worth approximately $56,354,000. Finally, LSV Asset Management purchased a new position in Blue Owl Capital in the fourth quarter worth approximately $51,197,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the transaction, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Blue Owl Capital Stock Up 0.1 %

OBDC opened at $16.65 on Friday. The firm has a 50 day moving average price of $15.89 and a 200 day moving average price of $15.26. The company has a market cap of $6.49 billion, a PE ratio of 8.41 and a beta of 0.88. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67.

Blue Owl Capital (NYSE:OBDCGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $399.58 million for the quarter, compared to analyst estimates of $399.16 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. Sell-side analysts expect that Blue Owl Capital Co. will post 1.88 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a $0.05 dividend. This represents a yield of 10%. The ex-dividend date is Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 70.71%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Hovde Group boosted their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Royal Bank of Canada upped their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Finally, Truist Financial increased their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Read Our Latest Report on Blue Owl Capital

Blue Owl Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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