Blue Owl Capital Co. (NYSE:OBDC) Director Chris Temple Purchases 15,000 Shares

Blue Owl Capital Co. (NYSE:OBDC) Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, the director now owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Blue Owl Capital Price Performance

OBDC stock opened at $14.78 on Tuesday. The stock has a 50-day simple moving average of $15.08 and a 200-day simple moving average of $15.03. The firm has a market cap of $7.55 billion, a P/E ratio of 9.66 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. On average, equities analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OBDC. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Institutional Trading of Blue Owl Capital

Several large investors have recently modified their holdings of 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 acquiring an additional 1,922 shares in the last quarter. Anchor Investment Management LLC increased its holdings in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after purchasing an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $48,000. Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $49,000. Finally, National Bank of Canada FI increased its stake in shares of Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.