Next Capital Management LLC Decreases Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Next Capital Management LLC lessened its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,363 shares of the company’s stock after selling 758 shares during the period. Next Capital Management LLC’s holdings in Blue Owl Capital were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OBDC. Generali Asset Management SPA SGR purchased a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $34,103,000. Raymond James Financial Inc. purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $28,434,000. Boston Partners increased its holdings in shares of Blue Owl Capital by 76.6% during the fourth quarter. Boston Partners now owns 1,648,101 shares of the company’s stock valued at $24,823,000 after acquiring an additional 714,940 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after buying an additional 563,800 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

OBDC opened at $14.91 on Wednesday. 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 Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The firm has a fifty day moving average price of $15.00 and a 200 day moving average price of $15.01. The stock has a market cap of $7.61 billion, a P/E ratio of 9.74 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping 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 firm had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OBDC. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.