Insider Buying: Blue Owl Capital Co. (NYSE:OBDC) Director Purchases $222,000.00 in Stock

Blue Owl Capital Co. (NYSE:OBDC) Director Chris Temple bought 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $14.37 on Thursday. The company has a market capitalization of $7.34 billion, a PE ratio of 9.39 and a beta of 0.85. The company has a 50 day simple moving average of $15.06 and a two-hundred day simple moving average of $15.03. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its 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. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $16.08.

Institutional Trading of Blue Owl Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Blue Owl Capital by 16.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after buying an additional 48,136 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Blue Owl Capital by 96.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after buying an additional 103,123 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after buying an additional 74,959 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $814,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.