Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 71,999 shares of the company’s stock after purchasing an additional 5,381 shares during the period. Truist Financial Corp’s holdings in Blue Owl Capital were worth $1,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares in the last quarter. National Bank of Canada FI lifted its position in Blue Owl Capital by 144.7% during 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. Westend Capital Management LLC lifted its position in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. Balboa Wealth Partners acquired a new position in Blue Owl Capital during the 3rd quarter worth approximately $169,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Blue Owl Capital by 112.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,719 shares of the company’s stock worth $185,000 after acquiring an additional 6,738 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.45 on Friday. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.10 and a beta of 0.83. The business has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $15.00.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $395.24 million. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Analyst Ratings Changes

OBDC has been the topic of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $16.08.

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.