Insider Buying: Blue Owl Capital Co. (NYSE:OBDC) Director Purchases 15,000 Shares of Stock

Blue Owl Capital Co. (NYSE:OBDC) Director Chris Temple purchased 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $14.37 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock’s fifty day simple moving average is $15.06 and its two-hundred day simple moving average is $15.03. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The stock has a market cap of $7.34 billion, a PE ratio of 9.39 and a beta of 0.85.

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, 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 analysts’ expectations of $395.24 million. As a group, analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its position in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares during 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. Lazard Asset Management LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at $49,000. Finally, National Bank of Canada FI increased its position in shares of Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after purchasing an additional 2,460 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.