Franklin Resources Inc. Grows Stake in Blue Owl Capital Co. (NYSE:OBDC)

Franklin Resources Inc. increased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 881,181 shares of the company’s stock after purchasing an additional 139,140 shares during the period. Franklin Resources Inc. owned 0.23% of Blue Owl Capital worth $13,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its holdings in shares of Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after buying an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC lifted its stake in Blue Owl Capital by 1.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after purchasing an additional 702 shares in the last quarter. Channel Wealth LLC boosted its holdings in shares of Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after purchasing an additional 823 shares during the last quarter. Blue Trust Inc. grew its position in shares of Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock valued at $222,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of Blue Owl Capital by 2.6% in the fourth quarter. Csenge Advisory Group now owns 55,064 shares of the company’s stock worth $833,000 after purchasing an additional 1,373 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OBDC shares. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Three investment 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. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $16.17.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $12.82 on Tuesday. The firm has a market capitalization of $6.55 billion, a PE ratio of 8.38 and a beta of 0.73. Blue Owl Capital Co. has a 12-month low of $12.46 and a 12-month high of $16.91. The firm has a 50-day moving average price of $14.96 and a 200-day moving average price of $15.00. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $395.24 million. As a group, equities research analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid 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 1.56%. Blue Owl Capital’s payout ratio is 96.73%.

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.