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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Blue Owl Capital by 192.2% during 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 position in shares of Blue Owl Capital during the fourth quarter valued at about $48,000. National Bank of Canada FI increased its holdings 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 purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC lifted its position in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $76,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 7.5 %

Shares of NYSE OBDC opened at $13.32 on Friday. Blue Owl Capital Co. has a 1 year low of $13.23 and a 1 year high of $16.91. The firm has a 50-day simple moving average of $15.00 and a two-hundred day simple moving average of $15.01. The company has a market cap of $6.80 billion, a P/E 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 (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Insiders Place Their Bets

In other news, Director Chris Temple purchased 15,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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. 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. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Finally, JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.17.

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.