Oarsman Capital Inc. Lowers Stake in Blue Owl Capital Co. (NYSE:OBDC)

Oarsman Capital Inc. lessened its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,842 shares of the company’s stock after selling 11,926 shares during the quarter. Oarsman Capital Inc.’s holdings in Blue Owl Capital were worth $1,389,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OBDC. Fifth Third Bancorp boosted 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 acquiring an additional 1,922 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at $48,000. National Bank of Canada FI boosted its position in shares of Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares in the last quarter. Westend Capital Management LLC boosted its position in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $76,000. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling 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 dated Thursday, March 6th. The stock was acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OBDC has been the subject of several recent analyst reports. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $14.00 to $15.00 in a report on Monday, March 17th. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. 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. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.17.

Blue Owl Capital Trading Down 7.5 %

Shares of Blue Owl Capital stock opened at $13.32 on Friday. The firm has a fifty day moving average price of $15.00 and a 200 day moving average price of $15.01. The stock has a market cap of $6.80 billion, a PE ratio of 8.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 1 year low of $13.23 and a 1 year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced 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 return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Equities research analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Blue Owl Capital 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.