Blue Owl Capital Co. (NYSE:OBDC) Sees Significant Growth in Short Interest

Blue Owl Capital Co. (NYSE:OBDC) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,160,000 shares, an increase of 54.5% from the February 28th total of 3,340,000 shares. Based on an average daily trading volume, of 3,490,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.1% of the shares of the company are sold short.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price 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. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. boosted its stake in shares of Blue Owl Capital by 1.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock valued at $1,014,000 after purchasing an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC grew its holdings in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after acquiring an additional 702 shares during the period. Channel Wealth LLC raised its position in shares of Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after acquiring an additional 823 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Blue Owl Capital by 9.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after purchasing an additional 1,083 shares during the period. Finally, Blue Trust Inc. grew its stake in Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after purchasing an additional 1,321 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.01 during trading on Monday, hitting $14.67. 3,265,721 shares of the company were exchanged, compared to its average volume of 2,345,156. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a market capitalization of $7.49 billion, a P/E ratio of 9.59 and a beta of 0.85. The business’s 50 day moving average is $15.05 and its 200-day moving average is $15.03.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 19th. The company reported $0.47 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 firm had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Equities analysts forecast that Blue Owl Capital will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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 given a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Analyst Ratings Changes

Several research firms have recently issued reports on OBDC. Keefe, Bruyette & Woods raised 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 raised their target price for the company from $14.00 to $15.00 in a report 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 research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target 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.