Blue Owl Capital (NYSE:OBDC) Sets New 52-Week Low – Time to Sell?

Shares of Blue Owl Capital Co. (NYSE:OBDC) reached a new 52-week low on Friday . The company traded as low as $13.36 and last traded at $13.40, with a volume of 2070354 shares. The stock had previously closed at $14.40.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OBDC. 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 Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.17.

Blue Owl Capital Stock Performance

The company has a fifty day moving average price of $15.00 and a two-hundred day moving average price of $15.02. The firm has a market cap of $6.80 billion, a price-to-earnings 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 posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $395.24 million. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

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 paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of Blue Owl Capital by 192.2% in the 4th 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. Anchor Investment Management LLC boosted its position in shares of Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after buying an additional 1,500 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at $48,000. Lazard Asset Management LLC acquired a new position in Blue Owl Capital during the fourth quarter valued at $49,000. Finally, National Bank of Canada FI lifted its stake in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares in 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.