Blue Owl Capital Co. (NYSE:OBDC) Position Cut by Dudley Capital Management LLC

Dudley Capital Management LLC lowered its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 2.3% in the 4th quarter, Holdings Channel reports. The fund owned 62,820 shares of the company’s stock after selling 1,500 shares during the period. Dudley Capital Management LLC’s holdings in Blue Owl Capital were worth $950,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in Blue Owl Capital by 9.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 63,747 shares of the company’s stock valued at $929,000 after buying an additional 5,415 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Blue Owl Capital by 27.9% in the third quarter. Raymond James Trust N.A. now owns 28,657 shares of the company’s stock valued at $418,000 after acquiring an additional 6,251 shares in the last quarter. Alpha DNA Investment Management LLC increased its stake in shares of Blue Owl Capital by 13.7% during the third quarter. Alpha DNA Investment Management LLC now owns 28,185 shares of the company’s stock valued at $411,000 after acquiring an additional 3,390 shares during the period. Truvestments Capital LLC raised its holdings in Blue Owl Capital by 2.7% during the third quarter. Truvestments Capital LLC now owns 193,014 shares of the company’s stock worth $2,812,000 after purchasing an additional 5,155 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Blue Owl Capital by 7.4% in the third quarter. D.A. Davidson & CO. now owns 366,541 shares of the company’s stock worth $5,341,000 after purchasing an additional 25,263 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Chris Temple acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now owns 51,000 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Stock Up 1.7 %

Blue Owl Capital stock opened at $15.24 on Tuesday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 9.96 and a beta of 0.85. The firm has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $15.02. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. 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 (NYSE:OBDC) last posted 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. The business had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. Blue Owl Capital’s payout ratio is 96.73%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OBDC shares. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.