Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC grew its stake in Blue Owl Capital Co. (NYSE:OBDC) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,903 shares of the company’s stock after purchasing an additional 1,718 shares during the period. Alpha DNA Investment Management LLC’s holdings in Blue Owl Capital were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in OBDC. Fifth Third Bancorp increased its stake in Blue Owl Capital by 192.2% during 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 raised its holdings in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after buying an additional 1,500 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital during the fourth quarter worth about $48,000. Westend Capital Management LLC raised its stake in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity

In other news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost 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 $754,800. The trade was a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

OBDC has been the topic of a number of research reports. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Jefferies Financial Group began coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a “buy” rating and a $16.00 target price for the company. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 17th. 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 report on Tuesday, April 8th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

Blue Owl Capital Price Performance

OBDC stock opened at $13.85 on Friday. The business has a 50 day moving average price of $14.59 and a 200 day moving average price of $14.89. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. Equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.05 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

Blue Owl Capital 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.