Boston Partners Has $24.82 Million Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Boston Partners grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 76.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,648,101 shares of the company’s stock after purchasing an additional 714,940 shares during the quarter. Boston Partners owned about 0.42% of Blue Owl Capital worth $24,823,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Stephens Inc. AR boosted its holdings in Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after acquiring an additional 106,722 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in Blue Owl Capital in the 4th quarter valued at $34,103,000. Sage Advisors LLC grew its position in shares of Blue Owl Capital by 3.9% during the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock valued at $31,379,000 after acquiring an additional 78,403 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $28,434,000. Institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OBDC. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. 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. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $14.00 to $15.00 in a research report on Monday. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.17.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

OBDC opened at $15.06 on Friday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year 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. The firm has a market cap of $7.69 billion, a P/E ratio of 9.84 and a beta of 0.85. The company has a 50 day simple moving average of $15.01 and a two-hundred day simple moving average of $15.01.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 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 analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Equities analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

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.