Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Comerica Bank

Comerica Bank reduced its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,133 shares of the company’s stock after selling 3,737 shares during the period. Comerica Bank’s holdings in Blue Owl Capital were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares during 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 acquiring an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $48,000. Westend Capital Management LLC boosted its position in shares of Blue Owl Capital by 58.8% in the fourth 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 during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $76,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OBDC. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a “buy” rating and a $16.00 price target on the stock. Royal Bank of Canada reduced their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.75.

Blue Owl Capital Stock Up 3.6%

Shares of NYSE:OBDC opened at $14.40 on Tuesday. 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 fifty day simple moving average of $14.17 and a 200 day simple moving average of $14.78. The firm has a market cap of $7.36 billion, a PE ratio of 9.41 and a beta of 0.71. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. On average, equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.37 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. This represents a $1.48 annualized dividend and a yield of 10.28%. Blue Owl Capital’s payout ratio is presently 95.48%.

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.